The foreigners who intend to establish Malaysian Private Limited Liability Company (SDN-Bhd) will be required to know the different types of Malaysian business licenses for foreigners that will implement and enable their business activities. Is. A 100% foreign ownership company cannot be approved in certain commercial licenses, as the application for these licenses may require the local participation of Malaysia. Application process for Malaysian business licenses (needs and migrants).

For example, how and where to apply for different types of Malaysian commercial licenses to foreign nationals from Malian government departments are some examples:

The condition of granting the above licenses may be the subject of the ownership of local Malaysians in the company as a director and / or shareholder.

The most common business license required by the party is wholesale, retail in Malaysia, WTR There is a license. This license is for a 100% foreign company to participate in retail, franchise, restaurant, trade, import and export.

Other categories of Malaysian business licenses may apply to Malaysia Local Travel Councils (such as DBLL, MA, MPS, MPSA, etc.) For restaurants and traders working abroad.

Depending on the type of license, the processing time for the approval of a business license by a foreign currency ranges from 4 to 8 weeks.

As a foreigner, before you start business in Malaysia, it is advisable to have a thorough understanding of the necessary permissions to approve your business. This helps you find a solution without any trouble and avoid expensive mistakes when registering for a Malaysian Limited Liability Company (SDN BHD), starting from the beginning.

We are constantly researching companies that have the best record of all global success and are able to support foreign clients. S & F Group is one of Malaysia's leading transistors.

Keep in mind. Getting WRT licenses is not easy. If there are many activities of your company (which are mentioned in your company's memorandum), it's almost impossible to get a WRT license. If you want to get a WRT license, just add a "point" activity to the company's memorandum.

W. R. T. To apply a license for Malaysia, you first need at least RM. It takes a million companies "Capital". You can contact young people to register such a company while you work for only 3 to 5 days.

Then you must have a physically basic arrangement for your company in line with your company's activities. Then prepare your WRT license application directly in the office of the Ministry.

There is no fee for the WRT license application.

It's very easy to get a Malaysian work permit. If you want to make it through S & F Group When registering a company, it's very easy to get a work permit. After registering the company, you need to create a free account on the MDeC website. Send all necessary documents to MDeC. Once accepted, you will receive login information to make the work permit online for you and your foreign knowledge worker.

Commercial construction is a competitive business, and to succeed, contractors need to find the best support and advice possible. One way for a construction contracting company to ensure access to critical relationships needed for sound business advice and for qualifying for surety credit is to partner with a professional surety bond producer, according to experts at the National Association of Surety Bond Producers (NASBP), the Bethesda, Md.-based association for surety bond producers.

Most contractors know that surety bonds help establish their credentials, tangibly demonstrating their ability to perform through performance and payment bonds. However, they may not realize the full value of building a relationship with a bond producer.

Bonding agents, called bond producers, guide companies through the process of achieving surety credit. Bond producers will act in many capacities – mentors, educators, advisors – with those construction firms to ensure that they mature and remain successful, says Robert Shaw, President of Skilling’s Shaw & Associates in Lewiston, Maine, and President of the NASBP. Bond producers can help contractors in a variety of ways, such as:-

Review: Full-time, experienced bond producers are familiar with contract review, and can help construction businesses succeed by reviewing contracts and identifying difficult language that may place undue risk on these businesses, creating surety underwriting concerns.

Referrals: Bond producers know the key players in the coatruction environment, and they can introduce contractors to the right contacts, such as construction-oriented bankers, accountants, and attorneys, to help their businesses flourish.

Reflecting: Sometimes you just need someone to listen. A bond producer can give counsel and provide experienced and knowledgeable perspective to construction businesses, as well as strategic advice for how to expand and grow the business. But they also can be an ear for someone who needs to talk through challenging decisions to help avert problems before they happen.

Construction businesses need to look for producers who have specialist expertise in surety bonding. Not all insurance agents truly know the needs of construction businesses and surety; in fact, most do not, relays Shaw. There can be a substantial difference in knowledge and ability between an agent who has never placed a bond or who only occasionally places a bond for a client and one who specializes in surety full-time, says Shaw. For more information about surety bonds and the benefits of an ongoing relationship with a bond producer, visit https://www.nasbp.org/guaranteed/home.

Read Also:Year-Round Tax Tips for Small Business Owners

When Jess Michaels isn't obsessively checking her steps on FitBit or watching daytime Court TV, she's a best-selling author who writes historical romances with heroines who speak their mind.

Her first foray into publishing began, as many picture the life of an author, with a traditional publishing deal. But after releasing a few books, Michaels decided to turn down an additional deal and try self-publishing.

I'd begun developing an audience for my books and wanted to try something different. Authors I respected had success and greater control over their work with self-publishing, so I was eager to try it for myself, says Michaels.

She mastered it quickly and decided to go "strictly indie" in 2015, using Amazon's Kindle Direct Publishing (KDP) service to publish in both eBook and print. Since her decision to self-publish, she has been on the USA bestseller list ten times. Her husband quit his job at a large technology company and now works with Michaels to run their publishing company.

I wanted more control over not just the creative writing, but also the marketing strategy, cover art, and other business aspects of publishing. I grew frustrated being unable to make these decisions going the traditional publishing route, she says. I'm both a writer and entrepreneur, and I'm enjoying more creative and financial rewards than I ever have.

For Michaels, who says the initial idea of going indie was taking a leap off a cliff and hoping you can fly before you crash, the resulting benefits have exceeded her expectations.

For those authors wrestling with the idea of self-publishing, consider this:

- Creative control. Self-publishing a book allows authors to build characters and stories exactly the way they want and, ultimately, retain full rights to their original material. A book that has been nursed from inception to novel remains yours.

- Get to market fast. Once a book is ready, self-publishing services, such as KDP, guide authors through setting up their books and getting them in the hands of readers in just a matter of days.

- Make more money. Authors who opt to self-publish can set their own prices and take home a higher percentage of royalties.

While a self-published author serves as his or her own marketing department, indie publishers make marketing simple and effective. Self-publishing companies, such as Amazon, also offer authors additional promotional opportunities to make their work available to more readers.

Many authors find support through writers' groups online, such as Facebook groups, or in-person by attending workshops and writers' conferences. Most cities have local writing groups that meet regularly. These meetings can provide constructive criticism of your work and other resources.

I fell into self-publishing by accident, and found that connecting with other authors and joining a local writers' organization helped me improve my technique and career tremendously, says self-published science fiction and fantasy author T.S. Paul. 

When sales of my novels began to take off, I began working with freelancers and a virtual assistant, also, to grow the community around me.

Regardless of whether a writer is interested in romance, mystery, fantasy, or biographies, self-publishing with services such as KDP can empower them to pursue their dreams, especially if they're willing to study the business side of publishing as well as Jess Michaels did.

Who knows? Maybe the best seller list is closer than you think.

Article From: NewsUSA

For more information, visit https://businessrelatedarticle.blogspot.com

Read Also: Keeping A Small Business Up When the Economy Is Down

Small businesses are the backbone of the American economy. According to the Small Business Administration, small businesses are responsible for generating 64 percent of net new jobs over the past 15 years. And in his latest stump speech, President Obama called small businesses the places where most jobs begin.

Despite their value, the nature of small business makes them particularly sensitive to a volatile economy. Millions of U.S. small businesses — especially in the retail, business services and housing industries — were made vulnerable by the recent housing slump and credit crunch, causing potential customers to tighten their purse strings and making it more difficult for small businesses to obtain loans and credit. Therefore, the question becomes, how do small businesses survive during a down economy—especially when they’ve already cut costs as far as they can go?

Should you be one of these businesses, there are some things you can do to stay afloat during this tumultuous time:

1. Reduce your prices. 

Because people have less disposable income during tough economic times, they are less likely to buy nonessential items. Therefore, should you want your small business to survive, you may have to cut your prices. As stated above, because a small business does not have a lot of expendable capital, lowering prices may be difficult. However, if cutting prices will cause customers to maintain their shopping habits with your business, cutting prices is a good idea as long as you still maintain a profit.

2. Invest in a web presence. 

In a down economy, one of the best marketing tactics is to invest in your website. More customers are moving online to find the products and services they are looking for. Small businesses that can’t be found online or through local searches are missing out on potential business. Getting your own web presence is also very easy. Many companies even offer website hosting packages that cost under $5.00 per month.

3. Ask for help. 

When money is tight, it makes financial sense to enlist a professional’s help to build a great website and assist you with website marketing. businessrelatedarticle.blogspot.com offers services exclusively to small businesses and as such is good choice for such things without breaking the bank.

Article From: MoonGear.com

Read Also: Small Business Maximize Flexibility

For small businesses, it’s a thin line between success and failure. Flexibility is key.

This ability to respond swiftly often gives small businesses a desirable advantage over their much-larger competitors because they can adapt to take advantage of growing opportunities and changes in their particular industries.

The reality is, owners must constantly look to evolve, says Steven Rogers, professor of entrepreneurship at Northwestern University’s Kellogg School of Management. The business they’re in today may not be the business they’re in tomorrow.

Looking ahead and adapting also includes costs and competition. So, how can small businesses stay nimble in the face of these challenges? Here are three can-do items to add to your small-business flexibility list:

1. Look for a niche. 

Small businesses often can spot and react more quickly to market trends. If you don’t already have something in mind, the U.S. Small Business Administration suggests conducting a market survey with current and/or potential customers to uncover untapped needs. Look for areas that are being ignored by your competitors. Maybe it’s a certain feature in a product or a tool aimed at a small but passionate audience.

2. Find technology that fits multiple needs. 

Larger businesses may have receptionists, IT departments and contractors, but for small businesses, implementing technology that has a big-business look and functionality without the cost is a must. For instance, changing the phone system to a virtual phone system can trim expenses because it’s designed for start-ups and small-sized businesses. It involves a quick and simple set-up.

3. Cultivate communication within. 

Successful small business owners must master operations, sales, customer service, marketing, human resources and accounting. They must also maintain accurate accounting books in order to maximize tax liabilities.

A receipt-scanning program like Shoeboxed helps quickly document and track tax-deducible expenses including:

– Travel expenses such as costs of plane tickets, taxis, lodging, meals and automobiles. Automobile costs can be tracked by multiplying mileage by the standard mileage rate or by claiming the business-related expenses for the vehicle. Standard mileage rates cannot be included on Forms 1065, 1120S and 1120. Mileage logs should include odometer readings, total miles driven, percent of mileage used for business, destination and purpose of the trip.

– Expenses for advertising, promotions, interest on borrowed money and bank fees.

– Legal and professional fees in the year incurred. If consultation relates to future years, the fees must be deducted over the life of the benefit.

– Miscellaneous expenses such as bad debts (goods sold, not services), customer gifts, business-related books, postage, seminars and trade shows and business association dues.

If job descriptions, time sheets and W-2s are on file, unincorporated small family businesses employing their children can enjoy several tax benefits:

– No Social Security or Medicare taxes are due. State unemployment and disability taxes are typically waived.

– Child labor restrictions generally do not apply.

– If children are paid less than the standard deduction, earned income is not taxed.

– Owners can use their children’s earned income to open Roth IRAs. Earnings are non-taxable, and withdrawals for college-related expenses or a down payment for first-time homeowners can be made without penalty.

Tax software can be used throughout the year to help owners understand how financial decisions affect their tax situations. By organizing early, owners can maximize deductions and save time when it’s time to submit their tax returns. Customers who pre-order TaxACT Preparer’s Business software can use preview versions as soon as they’re released in October. Final versions of TaxACT Preparer’s Business 1065, 1120 and 1120S are released in January.

Tax information for small businesses is available at www.IRS.gov, and TaxACT information can be found at www.TaxACT.com.

For business and technology students at DeVry University, the name of the game was innovation — not just graduation — as they presented their final senior projects to industry experts and local leaders.
Students really get to showcase their talents when they present their senior projects, said DeVry University Associate Professor Deborah Helman. And they’re also given the opportunity to demonstrate for business leaders the importance of building healthy, dynamic relationships with local communities.

Campus-wide, DeVry University senior project presentations, or fairs, are held several times a year.

Employers and business leaders in the community are invited to attend the events, view the projects up close, talk to the student inventors and get a first-hand look at the imagination, creativity and industry prowess a student might bring to a job.

At DeVry University’s North Brunswick campus, more than 60 seniors in 16 groups presented the projects they had worked on for the past several months, focusing on creating smart business solutions and strategicmarketing plans for local small businesses.

One team of students worked on redesigning a website for Xtreme Dezines, an online home-based business specializing in custom jewelry and handbags. Our client wanted to gain revenue and market share, so we decided that she should concentrate her business efforts on exposing her products to the public, said DeVry University student Nilsa Martinez. This would help to create the best sales opportunities for our client while also increasing additional market share and expanding her customer base. So, the team decided to design an attractive website, create an expansive promotional plan and develop the accounting software needed to help her better establish her company.

At the DeVry University Fremont campus, a team of Information Technology students created a Top Security Access Authentication System, which they designed to add multiple levels of critical security clearances at high-powered facilities such as power plants and military bases. Meanwhile, another team of students proposed their senior project, a Pilot Authentication System that uses various biometric sensors to ensure passenger safety by confirming the pilot’s identity and sobriety before allowing the airplane to take off.

Read Also: 3 Tools Every Small Business Should Use

To reinforce how the effort that the students put into their senior projects will pay off with career success, chief technology officer for Integrated Media Management and DeVry University alumnus Nish Shah came back to the North Brunswick campus to give a keynote speech.

The best part about DeVry University’s training was that it gave me hands-on experience. It allowed me to think about what I needed to do and how I should respond to a real-life situation, said Shah. He also credited DeVry University with improving his communication and team-building skills.

Although not all DeVry University senior projects make it into commercial production, the experience of identifying a need and creating a solution is just as important to the overall learning process.
For more information, visit www.devry.edu.