By Kenneth D. Weiss
This bestselling, up to date consultant exhibits you the way to begin your personal import/export company, from discovering a uncooked proposal to a winning release to ongoing, ecocnomic enterprise operations. whole with real-life examples from importers and exporters, it is helping you each step of ways, from concentrating on a industry and getting ready a marketing strategy to facing foreign exchange, delivery methods, customs standards, and extra. It additionally stocks the right way to assist you reap the benefits of NAFTA and different alternate pacts, plus on-line assets that can assist you commence and develop your small business.
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Additional info for Building an Import Export Business, 4th Edition
You may, however, need to file certain kinds of business tax returns. Some of these are discussed in a later section. Partnership A partnership is as easy to form as a sole proprietorship except that there is usually a formal partnership agreement. There are sample agreements available on the Internet and in books of legal forms. ), what each will receive in salary or other benefits, who will be responsible for paying taxes on profits (usually the same for all partners), how the partnership would be terminated, and how disputes will be resolved.
Qxp 10/10/07 4:20 PM Page 35 Setting Up Your Business 35 To see if the name you have in mind is already taken, first do a search on the Internet. com to see if anyone has registered a Web site using your name. S. gov. That will show you if your chosen name is registered with the United States government and, if so, by whom and whether the registration is “alive” or “dead” (no longer in use). Be careful to verify that the name you select does not have an insulting or vulgar connotation in the language of any of the countries you plan to deal with.
You might have five or six principals who produce related goods so you can offer a full line of, for example, industrial lighting fixtures. You receive commissions from your principals that average 14 percent of sales, and you pay 6 percent to your own agents in foreign markets. You might be able to do without these agents but would have higher travel and communication (phone and fax) expenses. You work from a small rented office and try to keep expenses to a minimum. Your operating results might be summarized as follows.