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  1. Asked: March 23, 2023In: Company Setup

    Buying and Selling a Business

    Naomi Teacher
    Added an answer on March 25, 2023 at 9:14 am

    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.

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  2. Asked: March 20, 2023In: Doing Business

    Product Identification

    Naomi Teacher
    Added an answer on March 21, 2023 at 4:41 pm

    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.

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  3. Asked: March 20, 2023In: Banking ∙ Money

    Sepa Transfers

    Naomi Teacher
    Added an answer on March 21, 2023 at 4:14 pm

    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.

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  4. Asked: March 18, 2023In: Doing Business

    Business Registration

    Naomi Teacher
    Added an answer on March 18, 2023 at 3:39 pm

    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.

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  5. Asked: March 17, 2023In: Doing Business

    Buying and Selling a Business

    Nancy Begginer
    Added an answer on March 18, 2023 at 2:41 pm

    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.

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  6. Asked: March 15, 2023In: Compliance

    Liquidating a company in Germany

    Nancy Begginer
    Added an answer on March 16, 2023 at 3:38 pm

    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.

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  7. Asked: March 12, 2023In: Company Setup

    Registering a Company in the UK

    Nancy Begginer
    Added an answer on March 13, 2023 at 5:37 am

    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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  • Naomi
    Naomi added an answer You can trust and hire a business broker when buying… March 25, 2023 at 9:14 am
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    Naomi added an answer A European Article Number (EAN) is a standard numbering system… March 21, 2023 at 4:41 pm
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    Naomi added an answer Single Euro Payments Area (SEPA) payments are cashless euro payments… March 21, 2023 at 4:14 pm

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