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Expanding your business from Canada to the USA - simple guide
Whether you have always had the goal of expanding your business from Canada to the USA or it’s something you have recently decided to do, there’s a lot to know if you are thinking about going on this adventure. With the USA being the closest market for Canadian entrepreneurs, it only makes sense that it would be the most appealing next step in almost every Canadian business owner’s life. At Centennial Moving Company, we want you to experience an easy expansion of your business. That’s why we have prepared a brief guide. We’ll cover everything – from hiring the best cross Canada movers to setting up a subsidiary company, it will be our pleasure to help you out.
Expanding your business from Canada to the USA – the first steps
It goes without saying that there are many steps that can be marked as important when it comes to this process. However, not every step will be so crucial that you have to do it before anything else. For example, you certainly won’t start searching for the best car movers Canada has to offer before you even set up a subsidiary company. In fact, establishing a subsidiary company is the very first thing you need to do when expanding your business to the USA.
You have a few options when it comes to a subsidiary company. Your job is to research your options and decide which one works best for you. However, we suggest you don’t procrastinate with this part of the job. Establishing a subsidiary company is a very lengthy process that’s going to take three to four months. It would be best to first finish up this part of the job before moving onto other steps.
Decide which state you want to expand first
Naturally, when expanding and moving from Canada to USA, you have a vision of being as successful as possible. That entails that you will manage to expand your business across multiple US states. However, you have to start somewhere, don’t you? Deciding where you want to start when expanding your business from Canada to the USA could be tricky. Many business owners decide to relocate to the states that are closest to the Canadian border at the beginning.
Of course, that can’t be the only deciding factor in this process. You need to do the necessary market research, study taxation laws, and find suitable business space. With how much research you have in front, we once again don’t suggest you take your time. Unfortunately, you have to accept the fact that the upcoming period is going to be hectic and busy, but it marks the beginning of a brand new life and lots of business success.
Hire reliable business movers when expanding your business
You will most likely find yourself to be competent enough for relocating your household possessions locally. However, business relocation, especially a cross country one, is a completely different thing. You need to find a company with the best relocation services Canada has to offer and you need to find it at the very start of the process. If you have ever relocated before and were in a situation where you had to find a relocation professional, then you know how long the process can take. Ideally, you would start searching for the right mover a few months before the moving date.
The reason why you need to handle the process so early on is that the best movers are booked months in advance. Considering the fact that you are relocating something as important as your business, you can’t risk hiring the second-best moving company around. Quite the contrary – you ought to splurge and find the best relocation professional for your needs.
Reducing the risk when expanding your business from Canada to the USA
You already know that everything that has to do with your business is risky. By being a business owner, you are already used to taking certain risks. But that doesn’t mean you aren’t interested in learning how to reduce business-related risks. One of the biggest problems of the process of expanding your business to the United States from Canada is the fact that you are going to be put in a lot of different and complicated situations.
The good news is that you can minimize the chances of something going wrong. With the United States of America being one of the most difficult markets to penetrate, you are going to need all the help that you can get. One of your options is working with a professional employer organization that has experience with the US market. A partner such as this one can help you with paperwork, US laws, etc. Generally, they can help you with everything that is related to the expansion of your business to American soil. Rest assured that you are going to appreciate every bit of help that you can get.
Make sure that you are ready for this change
Many business owners feel a strong desire to expand to the United States that they go through with this change before their business is ready. But how do you decide that your business is ready for a cross country or a long-distance relocation? For starters, you take a look at your finances. You are not going to consider expanding your business if you are struggling to pay your bills every month. Secondly, you need to take a look into your competitors. If you are considering expanding your retail business, check how other retailers in the US are doing. If they are struggling to attract customers, you might want to get to the bottom of things. What’s the point of expanding your business from Canada to the USA if you are just going to put your business in debt a few months down the line?