I am a traveler and want to seel imported goods from overseas (Asia and Africa especially). I was wondering how things work with the import/export taxes. What am I allowed to do? Any suggestions and applicable facts would be appreciated.
2006-08-09 02:43:59 · 5 answers · asked by jessicadownes80 1 in Business & Finance ➔ Small Business
The best routes to take are to research the process of starting a business as well as the industry you're interested in.
I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.
Associations may be a good avenue to explore. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.
Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:
Import/Export Specific:
* Building an Import/Export Business, 3rd Edition by Kenneth D. Weiss
* Import/Export: How to Get Started in International Trade by Carl A. Nelson
* Start Your Own Import/Export Business (Entrepreneur Magazine's Start Ups) by Entrepreneur Press
* Importing Into the United States: A Guide for Commercial Importers by United States Custom Service
Retail Store Specific:
* Start and Run a Profitable Retail Business by Jim Dion, Ted Topping
* Retail Business Kit for Dummies by Rick Segel
* Specialty Shop Retailing: How to Run Your Own Store Revised by Carol L. Schroeder
* So You Want To Own The Store: Secrets to Running a Successful Retail Operation by Mort Brown
There are plenty of free informational resources out there. Check the source box for links to articles.
Hope that helps! I wish you much success & happiness in all your ventures!
2006-08-09 03:10:46 · answer #1 · answered by TM Express™ 7 · 0⤊ 0⤋
If you are planning to start a business importing items into the USA, I suggest you read the following US Bureau of Custom's papers
Importing into the United States: A Practical Guide for Commercial Importers http://www.cbp.gov/linkhandler/cgov/toolbox/publications/trade/iius.ctt/iius.pdf -- this is a 200-page document that tells you the eligible items you can import and the invoices required, among other things
How Cargo Flows Securely into the US http://www.cbp.gov/linkhandler/cgov/import/cargo_summary/cargo_flow_map.ctt/cargo_flow_map.pdf
US Embassy http://canada.usembassy.gov/content/can_usa/borderissues_brochure.pdf (look at the last page as it has a good link of websites for additional info)
Other websites worth checking are:
CMTAC Trade Information Database http://latrade.cmtac.org/trade_info/index.cfm
Dont's of Importing http://www.gattiassociates.com/CM/Articles/Articles1277.asp
Flowchart of the export process http://www.export.gov/exportbasics/index.asp
Going Global http://www.going-global.com/articles/
These trade association websites also have loads of information on how to start an export import business:
Federation of International Trade Association http://fita.org/index.html
Professional Association of Exporters and Importers http://www.paei.org/
You may also want to check out the following books:
- Import/Export: How to Get Started in International Trade
- Exporting, Importing, and Beyond : How to 'Go Global' With Your Small Business
- Selling to the World: Your Fast and Easy Guide to Exporting and Importing
- Start and Run a Profitable Exporting Business
- Start Your Own Import/Export Business
2006-08-09 02:48:11 · answer #2 · answered by imisidro 7 · 0⤊ 0⤋
Check with the authorities on whatever planet you are from, since you evidently are not of this Earth. On our planet, laws and rules vary from what we call "country" to country (or nation or state). Unless you specify what country (etc.), one can only provide a general answer: check your country's rules and the rules of the country you plan to import from.
There are rules regarding old artifacts, fossils, living things (plant, animal, insect or microbe), things derived from living things (ivory, skins, fur, etc.).
As for starting a business generally, again the rules vary from country to country and, in some countries, from state to state within the country. There are a lot of web sites offering help for starting a business. If you are not capable of doing that research, you should hire an Earthling to help you. Anyone under 21 would be best.
2006-08-09 02:57:07 · answer #3 · answered by thylawyer 7 · 0⤊ 0⤋
We don't have enought information to advise you. What state or country are you in? Are you wanting to import them or simply retail them? The market is already flooded with Oriental and Indian imports. Just go to any flea market. Decide what it is you want to do, then get off Yahoo Answers and use your computer to start researching. Good luck.
2006-08-09 02:50:38 · answer #4 · answered by Emm 6 · 0⤊ 0⤋
I don't have the answer to your question!
You said you travel allot, how would you like to save a tremendous amount of money on your travel!
You can have your own online travel agency!
I can't give the sites here because they would say I'm spaming you!
But if you would like the info email me at billydtravel@comcast.net and I will forward the web sites
2006-08-09 02:54:20 · answer #5 · answered by Anonymous · 0⤊ 0⤋