federal and state clearances can be obtained online by Indians within an hour besides tax benefits.
The US is 'open to business' and Indians can start a business in the country within an hour, according to a IANS report, citing a US-based industry expert's statement.
"It is easy to start a business here (US) as the cost of entry (business set-up) is low. One can open a business within an hour," Howard M. Rosen, World Chairman, BKR International (BKRI) said.
According to Rosen, federal and state clearances can be obtained online by Indians within an hour besides tax benefits which can put them to business at a lightning speed.
"Limited Liability Companies (LLC) is the highest growing segment in the industry variant and it is very easy for Indians to run, operate and dissolve. Indian firms have huge investment opportunities in the healthcare and IT segment," he said.
A limited liability company (LLC) is the US specific form of a private limited company. It is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
The IANS report further stated that a survey from industry lobby Confederation of Indian Industry (CII) last year revealed investments by Indian companies in the US amounted to $17 billion, generating an employment figure of for more than 81,000 people.