Doing Business is a Questions & Answers Platform for Entrepreneurs. Ask any business-related questions and get answers from experienced businessmen from all over the world. Answer questions from others and earn money.
Doing Business is a Questions & Answers Platform for Entrepreneurs. Ask any business-related questions and get answers from experienced businessmen from all over the world. Answer questions from others and earn money.
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Buying and Selling a Business
You can trust and hire a business broker when buying or selling a business. A broker helps you get the right buyer or seller, and handle the paperwork. Nonetheless, brokers have the experience and expertise you need, and will guide you on what to do. So, how do you gauge a professional broker? YouRead more
You can trust and hire a business broker when buying or selling a business. A broker helps you get the right buyer or seller, and handle the paperwork. Nonetheless, brokers have the experience and expertise you need, and will guide you on what to do. So, how do you gauge a professional broker? You may need to consider the broker’s credentials, range of skill set, track record, sales strategy and customer references. This way, you are sure of getting value for your money. Moreover, he should be ready and willing to answer your questions and listen to your needs and interests.
See lessProduct Identification
A European Article Number (EAN) is a standard numbering system used to identify commercial products and their packaging in global trade. Besides, it is a universal code but was initially used in Europe only. It automates the production process in the supply chain and enhances the traceability of gooRead more
A European Article Number (EAN) is a standard numbering system used to identify commercial products and their packaging in global trade. Besides, it is a universal code but was initially used in Europe only. It automates the production process in the supply chain and enhances the traceability of goods. As a business person, you need an EAN to sell your products in Europe. Notably, there is a unique EAN for each type of product and packaging. With an EAN, any customer can get your product, identify it and know its specifications. If you want to enhance your e-commerce in the retail industry, you can get an EAN for your products from the European Chamber of Commerce.
See lessSepa Transfers
Single Euro Payments Area (SEPA) payments are cashless euro payments that simplify cross-border transactions between EU members. The SEPA region comprises 36 EU countries such as Italy, Denmark, Cyprus, Poland, Netherlands, Greece, Spain, Sweden, and other non-EU states. With SEPA payments, customerRead more
Single Euro Payments Area (SEPA) payments are cashless euro payments that simplify cross-border transactions between EU members. The SEPA region comprises 36 EU countries such as Italy, Denmark, Cyprus, Poland, Netherlands, Greece, Spain, Sweden, and other non-EU states. With SEPA payments, customers can make credit transfers and direct debits to any European Union member state without complex procedures. For example, he can send euros or buy goods and services from Germany to a euro bank account in Greece. The SEPA payments are fast, efficient, safe, and guaranteed to arrive within 2 days. Nonetheless, they have harmonized the standards and regulations in member countries, enhancing competitiveness in the European economy.
See lessBusiness Registration
You can set up and register a company in Belgium, whether you are a native or a foreigner. The good news is, you can take advantage of official online portals to get the work done easily by yourself. However, what do you require to successfully register the company? You need a legal address, a curreRead more
You can set up and register a company in Belgium, whether you are a native or a foreigner. The good news is, you can take advantage of official online portals to get the work done easily by yourself. However, what do you require to successfully register the company? You need a legal address, a current account, and a notary who officially incorporated the company. Morever, there are several formalities you must fulfill, certifications and legalization to handle, fees and taxes to pay. Thankfully, there is a one-stop site you need. Furthermore, if you will ever want to officially change your address, this is the place to visit.
See lessBuying and Selling a Business
An escrow agent is a neutral third party between buyers and sellers of businesses who ensures that all the set conditions and obligations in the sale of a business are met. The roles of an escrow agent range from holding all the paperwork and the money deposits and releasing them after the transactiRead more
An escrow agent is a neutral third party between buyers and sellers of businesses who ensures that all the set conditions and obligations in the sale of a business are met. The roles of an escrow agent range from holding all the paperwork and the money deposits and releasing them after the transaction, and settlement of services to clearing debts and other bills. Moreover, the escrow agent ensures there is a clear transfer of certain assets between the buyer and seller of the business. Notably, the escrow agent protects the seller by ensuring the buyer deposits the funds several days before the closing date. This way, you receive the amount as per your contract.
See lessLiquidating a company in Germany
Members of a company may initiate voluntary liquidation, which is a sign that you are conversant with insolvency rules. The process prevents any allegations of unlawful trading. Also, the procedure can go on for over 1 year. If you want to liquidate a company in Germany, be prepared to pay around £4Read more
Members of a company may initiate voluntary liquidation, which is a sign that you are conversant with insolvency rules. The process prevents any allegations of unlawful trading. Also, the procedure can go on for over 1 year. If you want to liquidate a company in Germany, be prepared to pay around £4,000 plus VAT. However, if you cannot afford to liquidate, you can sell the company assets such as the machinery and vehicle, and raise the money to repay your creditor. Unfortunately, if the company assets cannot yield enough funds for liquidation, you may have to use your personal funds. Ensure you thoroughly discuss such with your insolvency practitioner.
See lessRegistering a Company in the UK
It is legal to register a limited company to a home address. However, you should get the council's permission in writing to determine whether or not it is contrary to your rental agreement. Notably, the council will write back to you promptly unless they have reason not to, depending on the type ofRead more
It is legal to register a limited company to a home address. However, you should get the council’s permission in writing to determine whether or not it is contrary to your rental agreement. Notably, the council will write back to you promptly unless they have reason not to, depending on the type of activities in your limited company. In general, the council is receptive to freelance businesses, editing, and most virtual businesses. On the other hand, you may not get their permission if your business would increase wear and tear of the flats, cause nuisance to other tenants, comprise of 40% of the property’s use, or involve huge deliveries.
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