Interested in buying a business overseas? Whether you’re looking to expand into new markets or are just planning on funding your retirement plans outside the U.S., there are a number of steps you should take to ensure your new venture goes smoothly. Everything from business practices; legal and regulatory requirements; navigating an international sale deal; and language and cultural differences will come into play.
Here are some considerations and issues to bear in mind as you go about buying a business in a foreign country.
Looking for ways to become a supplier to a larger company?
A recent study showed that after a small supplier lands a big purchase order or a contract from a bigger company, the small company’s revenues go up 250 percent and they create about 150 percent more jobs in just two or three years. This is a great opportunity both for small business and for the economy.
But how can a small business go about landing a contract to be part of this lucrative business growth opportunity? Here are some tips, tools and resources that can help you get there.
The SBA uses a number of definitions for “small business,” depending on the industry. So, too, does the tax law, which has various definitions of “small business” for different tax breaks. These definitions are based on employees, revenues, expenditures and assets. Confusing? You bet! Here’s a list to help you.
It used to be that most of the business world understood that simple, clear business writing was a powerful skill. We needed to communicate, explain and convince people in memos, proposals, plans and reports. Simple sentences worked better. Clear and concise worked better.
If you’re starting a business, you may be wondering how to legally structure it. Should you incorporate, become an LLC, or operate as a sole proprietor?
Over 70 percent of U.S. businesses are owned and operated by sole proprietors or sole traders.
But what does being a sole proprietor involve and is it the right structure for your small business? Here’s what you need to know about the advantages and disadvantages of being a sole proprietor.
What is a Sole Proprietor?
U.S. Deputy Secretary of Commerce Rebecca Blank today announced new state export data that shows 29 states set new records for export sales in 2012. In total, 35 states achieved merchandise export growth in 2012, and 20 of those states experienced growth of at least five percent or more.Total merchandise exports from all 50 states helped contribute to the record-setting value of goods and services exports in 2012, which reached $2.2 trillion. Nationally, jobs supported by exports increased to 9.8 million in 2012, up 1.3 million since 2009.Read More
Starting or growing a business? Owning a small business can be a fulfilling endeavor, but as you probably already know or are just finding out – it requires that you wear many hats. This of course leaves you with little time to take a deep dive into the many aspects of starting and growing a business. Instead, many business owners turn to search engines for answers when questions come up.
But what if you had access to a small business classroom that provided informed, accurate and always-available access to the advice and guidance you need?
Guest blog post by Francisco Sánchez, Under Secretary of Commerce for International
Trade and David Hinson, National Director, Minority Business Development Agency
Under Secretary of Commerce for Standards and Technology and National Institute of Standards and Technology Director Patrick Gallagher today addressed a group of forensics experts at the American Academy of Forensic Science’s annual meeting in Washington, D.C. Gallagher was there with Elana Tyrangiel, acting assistant attorney general for the Office of Legal Policy at the Department of Justice, to explain each agency’s role in a new National Commission on Forensic Science, announced Friday, Feb.Read More