Is your business not turning out the way you planned? You may have had to go back to work for someone else to bring in money for you and your family. This happens all the time. Is business slow and you are contemplating that move as well? You set up a separate legal entity for your business with one of the primary goals being to protect the revenue that would come from your business. Do you shut down and dissolve that entity or keep it active for another business opportunity?
In today’s tight economic environment, consumer confidence is low, credit is hard to come by and the debts of many small business owners soar higher and higher. Instead of searching for the next fancy “push button” solution to bring in cash flow consider the simple things you can do on a daily basis for success.
There are many advantages for international clients to establish a U.S. company. Two that are top on the list are to help you develop more trust with the largest consumer market in the world ($158.3 BILLION in online sales in 2010) and to help establish joint ventures with the U.S. market. A U.S. consumer would much rather prefer to do business with a U.S. company. If you are in Australia, the UK, or New Zealand, you appear offshore to the U.S. consumer…and that means potential problems when it comes to recourse, or for other issues. If you are overseas, it may be very expensive to get basic issues handled with customer service or refunds. In this case, the U.S. business owner or consumer would rather do business with another U.S. company. That is where you can come into play if you are international. You can establish a U.S. company (your U.S. Cash Machine) to access this market.
There are a few tips to help you do more business in the U.S. Market:
And not only do you have to survive lawsuits, but the scrutiny of the IRS, too. Amazingly enough, in a self-audit last year the IRS determined they were $300 BILLION SHORT in tax collections — and that their biggest culprit was NOT large corporations. They’ve decided that small business owners just like you cause most of their shortages, especially sole proprietorships. That makes sole proprietorships that file a Schedule C tax return 300% more likely to get hit with an IRS audit versus those who do not! Continue reading →
“The system designed to skyrocket your success!”
Dear Entrepreneur,
As you know 80-95% of business owners fail within five years, only 50% make it past year one. The number one reason for business failure is lack of cash flow. There are many reasons for that, marketing, sales, capitalization….one big reason is the lack of the properly financial system to keep track of your business.
I interviewed Scott Letourneau recently on one of my coaching calls for my lawyer marketing group. That’s a tough crowd! Not only was Scott well prepared and well-versed, but he helped me prepare by providing relevant materials in advance and by CHECKING IN WITH ME 30 MINUTES BEFORE THE CALL to make sure I was comfortable with what he had sent over! That was amazing.
“Scott Letourneau is the leading expert in America when it comes to starting your business and knowing how to grow it. He has helped thousands of small business owners thrive and he can help yours perform much better than you ever thought possible.”
Join Jordan Goodman every Monday at 12 PM/PST 3 PM/EST for The Money Answers Show, on the VoiceAmerica Business Channel. He will provide you with a roadmap to making smart money decisions in every area of your personal finances.
