Start business in US within an hour: US industry expert

Kolkata, Jan 13: The US is "open to business" and Indians can start a business in the country within an hour, a US-based industry expert said here. "It is easy to start a business here (US) as the cost of entry (business set-up) is low...You can open a business within an hour," world chairman of BKR International (BKRI) Howard M. Rosen said on the sidelines of an event here Monday night. BKRI is a global industry association. According to Rosen, federal and state clearances can be obtained online by Indians within an hour besides tax benefits which can put them to business at a lightning speed. "Limited Liability Companies (LLC) is the highest growing segment in the industry variant and it is very easy for Indians to run, operate and dissolve," he said. An LLC combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.