Why is Nevada a very popular state to register new US companies? (Ryan, Pennsylvania)
Nevada corporations have several benefits for owners that other states do not offer. One of the attractive features of a Nevada company is that there are no state corporate income tax on company earnings. There are low annual fees, minimal reporting and disclosure requirements for maintaining the company in good standing. Nevada companies do not list stockholders as public record.
To watch our Nevada video and learn more click here.
What are the benefits of accepting payments via PayPal from my customers? (Rohan, India)
Paypal is great for businesses that do not yet have an established reputation. Many people fear that companies without brands to protect are more likely to defraud them in a transaction. PayPal reduces some of these fears because it gives customers an option to get refunded if the transaction does not go as planned. PayPal is also popular with customers because it minimizes the chance of having their identity stolen. Vendors who receive payments on PayPal never have access to the customer’s credit card information; for many people having this security is the difference between completing and not completing a transaction.
If you need a US Bank Account to open a PayPal account click here!
What is the Better Business Bureau (BBB)? Do I need their “blessing” to build consumer confidence in my company? (Akshat, India)
The real issue for businesses is whether the cost of joining, or being accredited by, the Better Business Bureau is a justifiable expense. Consumers trust the BBB, so the enhanced perception the accreditation provides may well be worth it, especially for new businesses without a significant track record. The need for accreditation depends on the type of business in question. Consumers will feel more confident if they depend on ongoing services from an accredited source. They are also more likely to make a large initial purchase from a concern that has been approved by the Better Business Bureau. Naturally, accreditation is less important when single small transactions are offered by the business.
IncPlan USA enjoys an A+ with the Better Business Bureau.