The Benefits and Results •Helped with business development & implementation plan •Helped raise finance •Helped set up and register business in the USA •Helped provide documentation to make business fully eCommerce on Amazon •Helped with branding and creating the business model •Able to opened up bank account in the USA • Helped appoint new firm of Accountants in the US
Client Background Make My Day is owned by another established ecommerce business in the UK. They wanted to expand their service to start selling wholesale in the US and wanted an entry level plan. This was new grounds for the business, which had never sold in the US before talk less of setting up a company there. There were limited funds allocated to this venture by the business and the directors although experienced ecommerce entrepreneurs had not fully done their homework.
Our Actions and Solutions We decided to go through Amazon, incorporate a subsidiary US based company and drive visibility and growth through this channel. We also worked on the preferred module to use to access the Amazon market and the best people to partner with in order to develop the business in the United States. We worked on which bank to approach to ensure they pass the due diligence concerns and also what needed to be done to ensure the right US documents were provided like an EIN, etc. We also considered transfer and transaction costs of doing business in the US and helped research and chose a firm of accountants in the US to help navigate tax matters.