Grow Your Business With Joint Ventures
Joint ventures are an extremely effective way to grow your business. However, it is extremely important for all the partners to be specific on their respective objectives when they draw up the joint venture agreement and then build and execute a plan that achieves these objectives.
Many people consider joint ventures as a way of establishing their business, particularly if they are having difficulty getting the business off the ground. A joint venture business plan that is executed properly can work wonders for any business at any stage of its evolution.
To help you decide if this type of business partnership would be effective to help you grow your own business it is important to understand the basic types of business venture arrangements that you can use, as these both function in different ways.
Put simply, a joint venture simply means two or more companies working together to achieve a common goal or purpose, and the key element in any such business partnership agreement is the accomplishment of agreed targets for mutual benefit.
There are two basic types of joint ventures that you can aim to set up, depending upon your business objectives.
Co-ownership
As the name clearly suggests, in a co-ownership agreement both the parties are owners of the business partnership, usually in equal proportion but the ownership can be for different percentages depending upon the contribution of each party to the arrangement.
Suppose you and your friend are partners in a co-ownership venture then both of … READ MORE ...
Strategies On Ways To Uncover Venture Capital Investors
From the most important concerns of persons who are preparing to begin a organization will be to how are they going to fund their business. Obviously, an incredible business enterprise program wouldn’t function without the need of the funds to run the concept. Some people borrow funds from wealthy friends, some use crowd-funding technique even though other loan in the bank or greater however seek equity funding from a venture capital firm.
Most small business owners opt for equity funding from a venture capital firm. Nonetheless, prior to you seek approval from venture capital investors, you need to ensure that you prioritize their welfare. You should realize that after they invest inside the company, they will be aspect owners and not just mere creditors. Consequently, they will need to view long-term revenue with your company.
Here are other recommendations on how to find venture capital investors:
- Make sure to come up with concrete business enterprise plan presentation – most investors look for companies with great plans that they’re able to support. You may not count on investors to are available in without having compelling suggestions for the business enterprise. As a result, ahead of seeking for VC’s, it is best to 1st care for the company plan that you will present to them.
- Show the investors the return of investment that they could expect – most investors are seeking to three to five occasions return of investments. You ought to make sure to present to them clearly, how
Your House Was Burgled When Traveling Abroad? Find Out How Travel Insurance Covers That Too
Your home becomes an easy target for burglars especially when you are away on an overseas trip. But did you know that the travel insurance you purchased for your overseas trip also insures your home against burglary when you are away?
Several insurance companies such as Bharti AXA GI are offering burglary cover under travel insurance policies. The policy basically states that if the home has undergone a theft or burglary whilst you were away on an overseas trip, the insurance company will have to compensate you as per the financial protection offered. This will typically cover the damage or loss as a result of the burglary.
However, there is a catch here. The home burglary will have a cap that will be defined in the policy. This means that the insurance company is only liable to pay the up to the maximum limit set under the travel policy burglary cover. For example, your home has been ransacked and you have experienced a loss or damage of several lakhs of rupees, but your insurance only covers you for Rs. 50, 000 as the maximum limit. Your insurance company will only make a payout of Rs. 50,000 in that case, regardless of the actual loss or damage that you may have incurred financially.
What are the Conditions that Requires Fulfilling at the Time of Settling the Claim?
If you have raised a claim against a burglary that occurred when you were away on a trip, then you are required to … READ MORE ...
Benefits Of The Hong Kong Capital Investment Entrant Scheme
The Hong Kong Capital Investment Entrant Scheme was first launched in October 2003. The objective of the program is to allow reasonably well-off people to come to HK and take up residency without needing to join in or establish an operating business. The Scheme rules are reviewed by the Immigration Department on a regular basis.
To qualify for this capital investment visa, 10 Million Hong Kong Dollars is required to be invested in ‘qualifying investments’ (which does not include real estate).
The essential cut and thrust of the Capital Investment Entrant Scheme (“CIES”) means that if you invest HK $10 million cash into Hong Kong’s economy, you will be able to procure a visa to take up residence in the HKSAR.
In the first instance you will secure a two-year period of stay which is then, subject to having maintained the 10 million HKD in the qualifying investments, extendable every two years for up to seven years. Once you get to 7 years continuous ordinary residence, you can apply for permanent residence.
Even if you have not in fact resided in Hong Kong in all of that time, but have maintained the visa status nonetheless, you will be able to secure ‘unconditional stay’ and in the process free up the HKD10m investment for deployment elsewhere. Namely, by then it will have served the process of procuring your residency in the HKSAR with no further strings attached.
One of the benefits under the Capital Investment Entrant Scheme program is … READ MORE ...
Glenn Sandler (CPA) of G.I. Tax Service Lists Tax Questions to Ask Your Accountant
A good CPA is invaluable when it comes to organizing your finances, and this is never truer than when it comes to the area of personal taxes. Here, Glenn Sandler, CPA founder of G.I. Tax Services lists five questions to ask your CPA that could provide substantial benefits for your finances well into the future.
What Information Do I Need to Keep?
In the world of taxes, paperwork is ubiquitous and keeping your head above water entails knowing exactly what documents you need to keep and which you can dispose of. Your accountant will let you know the difference between the two and will even serve as a reserve for your information. A clear picture of your financial information will help the CPA optimize the assessment statements provided to you.
How Can I Save More on My Taxes?
This is perhaps the question that is the most commonly asked of CPAs. Ultimately one of the most critical times of the year for an accountant is tax season, and they can help you leverage your situation to find numerous tax breaks. By speaking with your CPA, you will be able to find out if you qualify for any deductions or special credits and how you can claim them. On occasion, the accountant may also be able to find unique tax advantages based on your purchases and investments.
What Direct Business Expenses Can I Deduct?
In a business, several expenses are often incurred and more often than not, some of … READ MORE ...