Starting a family business is a big deal. And you should take it very seriously. Not all families have this kind of opportunity. And you want to succeed. Especially if it is in New York City, where competition is fierce. That being said, first, you need to know both pros and cons of starting a family business in NYC. So, get the real picture of the situation, and after you are well informed, decide if this is the place to do it. Ask yourself questions such as why young professionals are leaving NYC and similar ones. There is a good reason behind it.
(more…)How to start a company in the US as a foreigner
Starting a business is surely exciting yet at the same time scary endeavor. But when it happens to be in what’s regarded as the land of opportunity, then it’s an even bigger step. As a foreigner, it can be especially challenging to understand all the rules and regulations in order to get your business going. The good news, however, is that knowledge is always the answer in such cases. Foreign business is more than welcome here, so let’s take a look at the advice that will help you start a company in the US. Buckle up and get ready to learn!
Learn about all the available options before you start your business in the USBefore we delve any deeper into more detailed information, we need to start with the basics. As a foreigner, you need to know what type of companies you are allowed to launch here in the US. Basically, there are three types of corporate entities you should be aware of:
Limited Liability Company or simply known as LLC are treated as partners…