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Social Security Number (SSN) in the USA for Foreign Investors

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What is a social security number (SSN) and why do I need it? A social security number is a unique identification number (consists of nine digits) at the federal level.  The purpose  of the social security number is to have a record of wages and income in the USA. This national identification number has been adapted to have many uses, including: Proof of Identity Establishing credit history Taking out loans Getting and keeping employment (without SSN you can not work legally) Ability to receive public assistance from the government Access to open bank accounts Applying for a state driver license Ability to register to Medicaid and Medicare Declare taxes Renting or buying property Being able to register for services (electricity, water, insurance, internet, etc.) The truth is that it’s needed for everything and can be very frustrating when you do not have a social security number when it’s needed everywhere. Almost all our clients who are loo...

Scared of Franchising Abroad? Meet International Franchising

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Taking a small business global is a complex and dynamic process that should not be taken lightly. There are many things to take into consideration before starting expansion, for example: Gaining a deep understanding of the targeted markets The competition Local market trends Investment requirements Legal implications Countries’ tax laws And many other requirement to successfully launch and grow your business globally. Thus for small and emerging businesses, going global is a significant undertaking that could disrupt your existing business activities. Before taking the steps CEOs must understand the impacts and accept if the reward will be better than the risks taken. For business owners wanting to expand their brand internationally and not willing to take that much risk of uncertainty, there is solution called  international franchising . International franchising basically means you license your business to local...