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Expanding a business internationally presents unique challenges, particularly when that business involves auctions. The global auction market continues to grow as more entrepreneurs see its potential for reaching new customers across borders. However, success in this specialised field requires careful planning and the right technological foundation.
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British aerospace manufacturers to benefit from UK-US trade deal as further details announced
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UK secures new agreement with the European Union to support British businesses, back British jobs, and put more money in people’s pockets.
Establish an US entity
In order to establish a US entity, you can use the 10 steps laid out below as a guide:
Setting up in America
- Legal Setup: Decide on the corporate structure, contractual terms, and employment matters
- Investment Requirements: If seeking investment ensure documentation and materials are US focused
- Establish a US Bank Account: Often done by a US lawyer, it can be a lengthy and complex procedure
- Back Office Support: Accounting, payroll and employee tax withholding, HR and employee benefits, etc
- Tax Structure and Compliance: Utilise a CPA or Tax Accountant to ensure you are setup in a compliant manner both in the US and home country regarding your tax structures
- Insurance: You will need certain types of insurance for US operations and risk mitigation
- Incentives: US states offer various investment incentives, as do many local government units
- Location & Office: Research and identify the optimal US location along with your office requirements
- Immigration: Your US visa requirements should be part of the planning process in structuring your US operation
- Recruitment: Find, train and attract the right talent for your
PGC is ready to partner with you. Utilize our expertise and knowledge to ensure your workforce is managedproperly, allowing you to focus on growing your business while being confident your people are looked after, and your company is protected from the many risks associated with employment compliance in the US and Canada.
Our solution is flexible and our team is trained to find a solution rather than offer a boilerplate menu of services
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Our website has even more details and stats on US and Canadian employment.