Eclub, a Bangalore-based forum for entrepreneurs, convened a "US Business Cell" meeting yesterday to discuss issues pertaining to starting operations in the US and the challenges faced. Shivaji Sengupta of Techbooks, Falls Church, VA provided an overview and moderated the meeting. About a dozen members representing a cross-section of entrepreneurial activity attended the special meeting convened by Shivaji who was visiting Bangalore for a few days. The meeting was held at the premises of Axcend Automation (www.axcend.com), a solutions provider for industrial automation and manufacturing.
The lively discussion touched on topics of interest to the entrepreneurs present: incorporation and the various forms of incorporation in the US; branch office vs subsidiary and their legal implications; taxation issues resulting from e-commerce; legal issues pertaining to ownership and foreign residency; partner selection do's and don'ts; efficacy of having advisory boards; communication and cultural differences; etc. It was proposed to convert future meetings on the subject into a special interest group (SIG) that would hold periodic meetings, aggregate knowledge, and appoint pointpersons to help with questions on specific subjects requiring expertise.
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