If you’re like many entrepreneurs, you thought you’d be able to handle every facet of your new business. You’d create the product, hire the staff, manage your advertising campaigns, make your own mini muffin platters for those early morning meetings, and, let’s not forget, handle the finances, too.
If you’re thinking of expanding your business to the United States, there are immigration requirements you need to consider. Here, I’ll break down what you need to know about immigration including visas, green cards and if you need a tax ID number.
Having seen and helped many international companies come to the US, there are certain things that seem to keep coming up as a struggle. The challenge is a result of the fact that doing business in the US is COMPLICATED. Seemingly much more so than Australia, NZ, EU, UK, Singapore, or Hong Kong.
With more than half of all publicly traded companies incorporating in Delaware, you may be wondering why more and more businesses are choosing Delaware over any other state in the U.S. Besides the legal protection and convenience advantages in Delaware, here are five primary reasons why so many businesses incorporate in Delaware.
If you are establishing a business, or expanding to the US, you need to know the paperwork required to complete the formation of your business entity. Learn more about US requirements below. And reach out to Aprio Cloud if you'd like help from the experts in setting up your business correctly right from the start.
There are various documents associated with entity formation, depending on the type of entity you are forming. We will address the three main types of entities: Corporation, Limited Liability Company, and Partnership, the differences between them, what formation documents are, and which document are associated with which type of entity.
Source: Corpnet Article
One of the most basic questions about the employment relationship is whether a worker is an employee or an independent contractor. As with so many employment law issues, the answer is, "It depends”.
Employee status triggers employer obligations under various federal and state laws that do not apply to independent contractors, and the responsibility for classifying a worker is the responsibility of the employer. When determining if a worker should be classified as an Employee or an Independent Contractor there are many variables. Aprio Cloud can offer a wide variety of information to help clients make the right classification.
How Did This Self Funded Aussie Tech Startup Find It’s Way Into The U.S.?
There is a huge difference between a Xero Accountant Advisor and a Xero Bookkeeping Advisor company. Most of the business owners I speak with don’t realize there is a difference, or understand what a Xero Advisor can do for them as a whole. So let’s break this down.
Professional service companies have the opportunity to leverage the best talent today and expand their presence and offerings all over the country and world. They can leverage cloud-based tools to standardize the way their business works, and allow them to run their business from anywhere. However, what they often don't realize is that while they are expanding their opportunities, they are also expanding their footprint (aka Nexus) in regards to state, local, and in some cases global compliance. Hiring someone in a new state could mean multiple things, including registering as an employer in that new state to obtain proper ID numbers, and tracking revenue in that state for income tax allocation purposes.
Doing this the right way from the beginning makes life a lot easier than attempting to retroactively properly allocate revenue by state or trying to clear things up with the state or local payroll departments. There are also other benefits to tracking these details while trying to grow and scale your service based company.
There is no doubt that today more and more entrepreneurs are able come up with ideas, and shortly thereafter, sell them all over the country and the world. This online trend affects brick and mortar retailers, many of which are looking for alternative ways to grow and sell their products online.
Rather than spending hundreds of thousands of dollars to open up brick and mortar locations, business owners can invest far less to get started with e-commerce offerings. Ecommerce takes advantage of the infrastructure combined with technology to decentralize businesses. This is a great option, but in our experience it opens up a lot of questions and concerns as to how the business owner should expand, how it will affect their tax and compliance, and how they will appropriately track this new delineated flow of sales, costs, fulfillment, and the physical movement of their products.
