Kolkata, Jan 13 (IANS) The US is "open to business" and Indians can start a business in the country within an hour, a US-based industry expert said here.
"It is easy to start a business here (US) as the cost of entry (business set-up) is low...You can open a business within an hour," world chairman of BKR International (BKRI) Howard M. Rosen said on the sidelines of an event here Monday night.
BKRI is a global industry association.
According to Rosen, federal and state clearances can be obtained online by Indians within an hour besides tax benefits which can put them to business at a lightning speed.
"Limited Liability Companies (LLC) is the highest growing segment in the industry variant and it is very easy for Indians to run, operate and dissolve," he said.
An LLC combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
However, Indians may find it difficult to invest in the 'S' category of corporations as shares must be held by a resident or citizen individuals or US-based qualifying trusts making LLCs, the preferred choice for Indian entrepreneurs.
As per NASDAQ, the US stock exchange, only eight Indian companies have been listed in the US so far.
According to Rosen, Indian firms have "huge investment opportunities" in healthcare and IT segment.
A survey from industry lobby Confederation of Indian Industry last year revealed investments by Indian companies in the US amounted to $17 billion, generating an employment figure of for more than 81,000 people.
Corona continues to wreak havoc in China: record case in Shanghai raises concerns of other states, appeals to people not to travel unnecessarily
There has been an outcry from Corona in Shanghai, the financial capital of China. A record 23,513 new cases of the corona were registered here on Friday. In which the number of patients without
The matter of relief: the second wave of Corona is more havoc, but 99% of patients are recovering
Ever since the second wave of the Coronavirus has entered the country, there are signs of destruction. There are many states including Uttar Pradesh, Delhi, Madhya Pradesh, Maharashtra, where
Sangram's last amble down Rajpath this R-Day
New Delhi, Jan 18 (IANS) Sangram will majestically amble down Rajpath this Republic Day Jan 26. The 16-year-old camel of the Border Security Force (BSF) is set to be retired by the end of the
Eknath Shinde: CM Shinde showed sensitivity, and sent the injured woman policeman to the hospital after seeing
Maharashtra CM Eknath Shinde displayed sensitivity and empathy during his stay in his home district Thane. While controlling the crowd that gathered during their meeting, he immediately sent the
IND vs BAN: India-Bangladesh clashed four times in the World Cup; the First match between the two on Indian soil since 1998
The 17th match of the World Cup 2023 will be played between India and Bangladesh today at the Maharashtra Cricket Association Stadium in Pune. While the Bangladesh team will try to make a comeback
IND vs ENG: Ashwin will create history in Dharamshala, will play 100th test match, will join the club of Sachin-Virat
Ravichandran Ashwin is ready to create history in the last match of the India vs England series. On March 7, the veteran spinner will play the 100th Test match of his career in Dharamshala. With this,
Scientists discovered a little black hole just 1500 light-years away from Earth, three times bigger than the sun
Astronomers have discovered a black hole closest to the Earth. This small black hole is just 1,500 light-years away from Earth and is named Unicorn. This black hole is located in the Monoceros
Earthquake-Typhoon: So far 46 were killed due to earthquakes in China. In Korea, 20 thousand houses lost power due to cyclone
The earthquake that hit Sichuan, China on Monday caused massive destruction. This natural calamity has claimed the lives of 46 people so far. The tremors of the earthquake were so strong that
Dhiraj Sahu Case: Under whose pressure, Dhiraj Sahu started deleting pictures with Rahul Gandhi, sometimes he was seen shaking hands and sometimes hugging.
The recovery of huge cash from the premises of Congress Rajya Sabha member Dhiraj Prasad Sahu has become a topic of discussion at the national level. The national leadership of Congress is also under
PFI: Violence in the states, conspiracy against the country, even after doing terror funding, why only 5 years ban on PFI? three reasons
The central government has finally imposed a five-year ban on the Popular Front of India (PFI) and its affiliated organizations. Organizations that have been banned include Campus Front of India,
