Friday, April 14, 2017

Sarasota: The Ultimate Business Location in Florida

The city of Sarasota is located in Sarasota County on the southwestern coast of the U.S. state of Florida.  This city is known the world over for its cultural heritage as well as its growing importance as the hub of commerce and business all over the state. Its close proximity to the Tampa bay area has enhanced its importance in this regard. 
Sarasota Ultimate Florida Business Location

It is the principal city of the Sarasota metropolitan area. The actual population of the city is around 54 thousand while the overall population of the larger Sarasota metropolitan area was estimated to be 7 million in a census undertaken in 2010. However, a census survey conducted only two years later (in  2012) had shown that the Sarasota metropolitan area’s population had surged to 7.2 million denoting the fact that an average of 10,000 people were migrating to the area, every year.
This increase cannot be attributed to birth rates alone, but rather the fact that the city and its outskirts are attracting a lot of people who are interested in settling there. There are a number of reason this city is such a popular destination for many highly skilled and moneyed individuals who want to set up their business here to cater to the rapidly increasing population.   

Sarasota and MNCs                     

The city (due to its proximity to the Tampa bay area as well as other population centers) has attracted a lot of multi national corporations to the city of Sarasota. These companies have also brought in foreign talent with them and these top notch professionals require high-end goods and services that enterprising entrepreneurs can provide.

High Living Standards

The residents of Sarasota area enjoy a high standard of living due to the increasing prosperity of the city.  This can be easily evidenced by the steadily increasing population as more and more people migrate from other areas and cities to Sarasota. The city itself boasts of several commercial areas in posh locales consisting of airy houses and neat and clean, tree-lined boulevards, not to mention the many educational institutions and gardens as well as a pulsing nightlife.  
Such high living standards are not just restricted to the city proper but also the surrounding greater metropolitan area.  Both the city and its surrounding suburbs offer an exceptional blend of ‘state of the art’ innovation and professionalism mixed with a cultural heritage that is unique to the Sarasota business environment.  
This is certainly good news for many aspiring business people hoping to settle here, since no matter which commercial area you may choose to purchase and set up your business, you would know that your investment would be safe and secure  due to the near constant demands for your services.  

Safety and security

The city of Sarasota is a safe and secure area with very low crime rates in just about all the precincts of the city. This is why this is a great place to not just set up a business but bring up your family as well.

Thursday, April 6, 2017

Florida: The Home of Opportunity

The state of Florida has a highly diverse labor force of approximately 10 million people or so, and most of them are highly educated and skilled workers in their own right.  The state boasts a mix of eight highly dynamic economic development regions. From Naples down to Jacksonville and from Miami (with its world renewed beaches) and the Florida Keys up to Pensacola, Florida offers an exceptional blend of ‘state of the art’ innovation and professionalism.  
Florida Home of Opportunity

For aspiring business people hoping to settle here, there is good news. No matter which town you plan on setting up your business in, you’d be glad to know that you won’t be more than ninety miles from a deep sea port or at most fifty miles from an institution of higher learning. 
Some of the other advantages of setting up shop in Florida include:

Ideal destination for FDI

Thanks to its highly stable business environment, new business investments pour forth into the state of Florida from all over the world, effectively propelling the state into one of the top most destinations for foreign direct investment (FDI) amongst all the states that constitute the United States of America.  

Ability to tap the Latin American markets

Many multinational companies have commenced using the state of Florida as a gateway to accessing the emerging markets in the Caribbean as well as South America.  

International Financial Cluster

The major urban centre of Florida is the city of Miami. Apart from being Florida’s leading city, it is also a well known center for global banking. It is not just foreign banks, but also many well known American finance houses that have their offices and subsidiaries in this city (as well as the rest of the state).

Some of the largest banking corporations in the world have also set up their offices and centers of operation in Miami.  

The global financial market aims to provide a high degree of value to the state as a whole, by providing their services to the many diverse business entities and multinational conglomerates that have set up their home bases in Florida

Multi-ethnic Workforce

Since the past few years, Florida has been in the top ten ranking amongst the states whose work force consists of employees working for foreign-owned business entities. These firms have poured their earning into the state’s coffers by employing close to three hundred thousand Florida residents. And thanks to the wide spread proliferation of L1 and E2 visas, both the foreign employers and employees add to the cultural melting pot of the state.  
These people not only value the state’s culturally diverse, work force but also enrich it by infusing it with their own blend of experience, culture and traditions that they bring to the fore, along with their specialized skills and talents.  Taken together, both the foreign born and local born residents create a synergy that allows these companies to boast of a ‘sustainable competitive advantage ‘(SCA) when dealing with competitors at the global level.

There is no doubt whatsoever that the state of Florida is truly the home of opportunities when it comes to pursuing the great American dream.

Wednesday, March 29, 2017

The Pros and Cons of Seller Financing

For many, the idea of taking out hefty bank loan is fraught with apprehension and misgivings. Not to mention the fact that the rigid requirements of such a loan are not easy to fulfill either.  Far too many financial institutions tend to be particularly strict with their loans, and if your rating is poor and you have already accumulated large amounts of debts, odds are that your application for  a bank loan just might be rejected.  
However, if you have a really great opportunity  for a buying a  business, you should consider opting for the ‘seller financing’ route.   Here is how it works:
Buying a Florida Business with Seller Financing

Instead of paying for a business  or even taking a mortgage on any existing property that you pre-own, you can ask a Seller  to lend you the amount to procure the new business.  After you have acquired the business and once your business prospers, you can easily pay him or her back, as per pre-agreed terms and conditions which usually consist of monthly payments that include both principal as well as a certain amount of interest.  

Pros for buyers:

·       Seller financing lets people procure property who might not otherwise, be solvent enough to be able to acquire mortgages and loans to do so on their own.  
·       The overall closing process is cheaper as well as faster
·       All down payments depend on the personal discretion of the buyer and seller

Cons for buyers

·       The individual seller may charge you a higher rate of interest than most large financial institutions
·       If your credit history is bad, there is an off chance that the seller might not be interested in selling you the property. In other words, you would be treated in much the same way as you have been treated by the mainstream finance institutions.

Pros for sellers

·            A seller is in a position to dispose off his property on an “as is” basis.  In other words, he is not    bound to conduct highly expensive repairs on the property he is selling.

·          Such a sale has the potential to earn markedly better rates of interest than many other avenues of investment.
·          Businesses sold though the ‘seller finance’ medium has the potential to sell far faster, since such a sale effectively by passes the entire bank loan process. 

Cons for sellers

·         The property has to be declared ‘free and clear.’ That is, if there is a lien on it, it is imperative that the lender has given his prior approval before the seller may go ahead with the transaction.

·          The buyer could stop making payments at any time.

Keeping all the pros and cons in view, many buyers and sellers in Florida often opt for this form of business purchase due to the comparatively lesser hassle of securing funds for such high value transactions.

Wednesday, March 22, 2017

L1 and E2 Visas: What you need to know

There are many different kinds of visa requirements for non resident aliens who want to work and/or own a business in Florida.
Let us look at the two most common types of visas that people might have to opt for, if they desire to own and operate businesses in the state of Florida.
L1 and E2 Visas

The L1 visa is basically defined as an ‘intra-company’ transfer visa for overseas staff members of different American companies.  An L1 visa essentially allows a US corporation to transfer an important staff member from any one of its offices in another country into US territory.
The L1 can be further divided into two different subcategories:

1.     L1-A 

This visa category has mainly been created for individuals who may be settling in the US for one of two reasons:
·       For the purposes of setting up an office in the United States itself
·       Or they are managers and other senior executives of an American company

2.     L1-B 

This Visa category has been specifically created for highly specialized employees who are deemed to possess exceptional specialist skills or knowledge regarding any specific field in which an American company (or any other type of business) may be working.
However, in both these cases, it is ultimately the employer (or employing organization) that would submit the visa application.
All L1 Visa applications are subject to certain requirements that include some of the following: 
·       The petitioning company may be a corporation or a religious organization or it may be an NPO (Non profit organization)
·       The employer must actively be conducting business as an employer in the US, along with a minimum of one foreign country.
·       The foreign staff member of the organization must have completed at least a bare minimum of one year’s continuous employment for the company outside of the United States.
·       The employee must show his intention of leaving US territory once his visa term has expired.

E2 Visas

The E2 visa category is the primary ‘investor visa’ category in the United States. Moreover, there are neither quotas nor annual caps for such visas, thus effectively meaning that anyone who fits the criteria is free to avail the many opportunities available to holders of visas of this type.
·       An E2 visa allows an individual to gain entry into the US without going through the formality of an actual immigration process
·       This Visa grants entry to the US for a typical period from 2 years up all the way up till 5 years.
·       An E2 Visa is fully renewable and indeed can be extended for as long as the visa holder is in actual control of his business and it generates an income sufficient to support him or her as well as his or her dependents.
·       The E2 visa also covers the investor’s husband or wife (as the case may be) and any offspring under age 21.
When applying for either of those two visas, please do consider Florida as the ideal place to settle and grow your business. 

Saturday, October 22, 2016

Buying a Restaurant to Obtain Immigrant Visa

Many chefs and restaurateurs from around the world know that buying a restaurant can be a great way to enter the U.S. and obtain an immigrant visa. By making a substantial investment into the U.S. economy foreign investors are granted permission to live and work in the U.S. for extended periods of time. Florida with its great weather, beautiful beaches and robust economy has become a destination place for foreign nationals who are making acquisitions on both the West & East Coast to accomplish their dream of coming to American and buying a Florida Restaurant for sale and obtaining an immigrant visa.
Buying a restaurant for visa

There are several options available but the E2 and EB5 are the most poplaur. The requirements and benefits of each are different so it is important that a prospective buyer check with a competent immigration attorney to see which might be the best option. There are also different restrictions depending on which country the immigrant is coming from.

The E2 visa usually requires the lowest investment and many E2 visas get processed with as little as $100,000 U.S. dollars being invested.  The challenge with the low investment for the E2 is often finding a restaurant for sale that has clean books and records where the income can be proven on tax returns. It is important that the restaurant being acquired for a visa is profitable and that it is a viable business enterprise. The lack of tax records can sometimes be overcome by providing a good business plan where detailed financial information about the restaurant for sale is presented. The drawback with the E2 is that it has to be renewed every 2 years and it does not offer a clear, permanent path to U.S. residency.

The EB5 visa usually requires a significantly higher investment. Again it is always best to check with an immigration attorney but the general guidelines for the EB5 visa is a minimum of $500,000 U.S. dollars being invested, the restaurant being acquired for the visa should be able to support 10 or more employees and some management staff is helpful. The benefit to the EB5 is that it is a more permanent path to a green card and U.S. citizenship.

So whether it is an E2 visa or EB5 visa the path to U.S. residency by buying a restaurant and obtaining a visa is a great way to be able to live and work in the U.S. IF you are specifically looking at buying a restaurant in Florida please visit restaurants for sale in Florida.

Friday, January 15, 2016

Best Compilation Of Sureshot Tips To Start a Cleaning Business

Initiating your career with a cleaning business can be made an easy-to-do task if you are having a well-defined business plan that is being ready to be followed. But if you are new in this business, how will you determine the business plan, especially in the field of cleaning business? Being a novice, isn’t it quite difficult to have a concrete business plan? 

So in order to help you out, we are shortlisting some of the best tips that are necessary to keep in mind before starting a cleaning business:

1. The first thing to do is decide your customer base. If you want to serve your needs as the corporate clientele then the business strategy must be different from what it actually needs while sticking to the domestic services. For an instance, if you need to start up a carpet cleaning business for sale, you need to offer the services that can be beneficial to the corporate sectors as well as domestic areas too.

 2. Before undertaking any of the projects, you need to register your business with the local business bureau. Also, you need to apply some necessary efforts in such a way that your company ranks higher in the relevant searches that are basically carried out by any of your potential clients. If you are not willing to use your name for registering your business, look out for a suitable person who is ready to do so.

 3. Any of the business needs manpower for constant supervision and this applies to the cleaning industry too. It is not recommended to take all the task on yourself for saving your money. Better hire trusted and well-suited individuals that can take care of the client services, finances and other major things.  

 4. The industry of the cleaning business usually involves some of the technicalities of the activity. There are different types of situations that require different approaches while depending on the location, cleaning agents as well as the materials involved with the process.
 5. Next comes the insurance which is a major factor for any of the businesses and thus for the cleaning business too. There are different types of equipment as well as tools that usually costs higher and can be at the risk of getting destroyed, damaged or wasted during any of the ongoing projects.  

Thus, these were some of the major factors that play a major role in establishing and successfully running a cleaning business. As soon as you achieve above-mentioned things, you can start your own business even on a small range by distributing several pamphlets in your area. Also, you can prepare a small portfolio of your previous works that you have done in order to grab a good business deal and getting good business opportunities.

Thursday, December 31, 2015

5 Foolproof Tactics To Sale Your Small Business

Selling a small business is quite tough and even complex process that includes various aspects. Selling process may require you to enlist a broker, an accountant and an attorney as you start the process. The small business sale will need great time and once it is sold, you will require few smart ways to deal with profit. Consider these five essential considerations which can help you to architect a solid plan and make it a successful sale. 

Reasons For The Sale  : For what reason you have decided to sell your business is an essential question for any buyer. Buyer’s initial question would always be – “Why you have decided to sell?” This question would be the decision factor for them. 

Based on your answers he will decide if to carry on the process or not. Owners usually keep their small business for sale for following reasons: 
  • Retirement
  • Becoming overworked
  • Partnership disputes
  • Boredom
  • Illness and death 
Few owners sell their business when the business is not profitable, however giving this reasons will surely drop down the buyers. You need to consider the business ability to sell, its activeness and the timing of selling. There are numerous aspects which represents your business as more worthy business to purchase:
  • Increasing profits
  • Consistent income figures 
  • A strong customer base 
  • A major contract that spans several years 
  • Timing of the Sale
Ideal Time For Sale : The ideal thing for selling your business is to prepare for your sale a year or two prior of time. This preparation will assist you to make changes in your financial records, business architecture and customer base – hence you can improve your business and make it more profitable. Such improvements make the transition easy for the buyer and keep the business running smoothly. 

Valuation Of Your Business : Now your next deed is to evaluate the right price of your business to ensure that your price is not too high or not too low. For that you can discover a business appraiser to know the exact valuation. What would the appraiser do? The appraiser will analyze every thing and will draw up a clear detailed explanation of the business’s worth. 

Ask the appraiser to give the documents that clearly explains the valuation of the business. This document will invite credibility to the asking price and will serve as a gauge for your listing price. 

Sell Your Own Or Take Help Of a Broker : While at the time when you sell your business yourself you will easily save money and avoid the broker’s commission. And it turns out to be best when the sale is done to a trusted family member or current employee. Well in other circumstances, a broker will assist you to keep the business up and running, and he will keep the sale quiet and you will get the highest price. 

Keep The Documents Ready : At last ensure that all your financial statements and tax return documents processed three to four years back are ready and even review them with an accountant. Along with that, build a list of tools that will be sold with the business. Then create a list of contacts related to sales transactions and supplies, and dig all the important paperwork like the current lease. Now create a photo copy of these essential documents to give it to the financially qualified potential buyers.