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 not controlled: Corona cases increased again after a day, 3,205 new patients were found in 24 hours; 31 dead
The havoc of Corona in the country is not taking its name to stop. In the last 24 hours, 3,205 new cases of corona have been reported in the country, while 31 patients died. There was some decrease in
These countries came in panic due to Russia's attack on Ukraine, will they be the next number?
The Baltic countries Estonia, Latvia, and Lithuania are also very worried after Russia attacked Ukraine. Let us tell you that these countries have been part of the Soviet Union. So people here are
A large part of the country is going to get relief from the scorching heat! Know where the clouds will rain
At present, there is severe heat in North India. Many parts of the country including the capital Delhi are in the grip of a heatwave. The Meteorological Department has forecast that now a western
Omar Abdullah Elected Leader of NC Legislature Party
Jammu, Feb 6 (IANS) Former Jammu and Kashmir chief minister and National Conference (NC) working president Omar Abdullah was Friday unanimously elected leader of the NC legislature party.At a
Israel-Hamas War: What is Hamas's game with the help of hostages, Israel's Defense Minister revealed the entire conspiracy
It has been more than three weeks since the conflict between Israel and Hamas. Meanwhile, Hamas has not yet released the people kept hostage in Gaza by Israel. Thanks to Qatar's mediation, Hamas has
Why team India loses in big matches of ICC event, former Indian cricketer made big disclosure
The Indian cricket team is performing brilliantly in every format of cricket these days and they are carrying forward the legacy that MS Dhoni had handed over to Virat Kohli. However, Virat has not
Radhika Chauthmal, a resident of Surat, became CA topper, know who is in second and third place?
ICAI CA Result 2021: ICAI CA Final and Foundation results for the December 2021 exam have been declared. This year, 95,213 candidates took admission from the new course of CA Final and 32,888 from the
New Zealand replace injured Milne with Henry
Auckland, March 23 (IANS) Ahead of their cricket World Cup semi-final match against South Africa here on Tuesday, New Zealand added fast bowler Matt Henry to the squad as a replacement for injured
Parliament: Shah will give statement in Rajya Sabha on Delhi violence, Jaishankar discusses Corona
Delhi violence will be discussed in Rajya Sabha today. The BJP has issued a whip asking its MPs to be present in the House. At the same time, the opposition is adamant on the resignation of Home
More than 12000 corona cases for the fifth consecutive day: 12781 new patients found in the country, 4000 in Maharashtra alone, 18 deaths
Corona cases are increasing continuously in the country. 12,781 new infections were found on Sunday. 18 patients died. At present 76,700 are undergoing treatment. A maximum of 4004 patients have been
