Our own experience has shown us that starting a business in the US can be a challenging task, often accompanied by unexpected surprises and obstacles. That’s precisely why we established ABBA – to share our experience, advice, and valuable contacts to support and guide those embarking on this journey. With our expertise, we can help you navigate the process, identify the essential first steps, and adhere to best practices to avoid common mistakes.
Did you know that:
Each state, city, or town has its own different laws and regulations that should be thoroughly researched before starting a business there. It is common for a city to have a ban or licensing requirements for a certain type of activity, and failure to comply with the restriction results in hefty fines or legal action.
State and even city taxes vary widely. Goods, services, or property are taxed at different rates. Check them thoroughly before starting.
To open a bank account, you must have a registered address, and to have a registered address (even for rent), you must have a bank account. Catch 22.
In America, everything (person, building, car) must be insured. In the event of an accident and lack of insurance, it is very expensive, sometimes could cost millions of dollars.
A credit score is of key importance when taking out a loan, but also when renting real estate. Through a system of indicators, lenders evaluate the creditworthiness of the borrower and, in many cases, refuse credit or raise the interest rate.
