You decided you want to get your B1 visa and set up a business in USA. You have the investment ready and your documents in place. However, before you take the plunge have you weighed your pros and cons?
If you haven’t, here are a few pointers before going about your business plan.
American business style
Business laws, taxation, banking and other policies will be quite different in USA when compared to your country. Plan your business after you research their policies, licenses, labor, expenditures and other important information.
Market research
Whatever business idea you have, conduct a market research. Find out if that product or service you plan to offer is profitable in USA. You would not want to waste your time and energy on something that is not going to get you any returns.
Your research should also study their culture and make sure that your business is aligned with that. Otherwise, you might end up with unnecessary lawsuits and we all know USA is famous for suing at the drop of a hat.
Politics and history of American business
Government policies play a key role in setting up a business, especially as an immigrant. Understand how these policies apply to you. Go back in time and learn the business patterns of this country. This will definitely minimize your risks
Legal Advisor
Legal expertise is required in every step of the way, irrespective of where you start your business. Hire a lawyer who is well-versed with US corporate law to avoid legal issues that can crop up from time to time.
Small Business Association or Chamber of Commerce
At the end of the day, you will need guidance from local people. Joining an association like Small Business Association or Chamber of Commerce in the US can help you build your business and contacts and give you the guidance when you face an obstacle.
Take Time
Don’t be in a hurry. Take time and research, get legal counsel, understand the procedure for moving abroad. Once you have planned well, then go ahead and apply for your
B1 Business Visa and you can be on your way.
