Need help setting up business to trade in the Unites States.
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Post a project like this£50(approx. $62)
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- Proposals: 2
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- #179674
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Description
Experience Level: Intermediate
I am currently set up as a UK ltd. I have all my accounts set up in GPB.
I pay almost all my expenses in USD and receive almost all my income in USD yet I convert each and every transaction into GPB. I know this is probably the worst way to do it but that is what I need help setting up.
Plus I am also a victim to currency changes.
I have found a "Business Currency Account" that I can open with my Uk bank. But is this enough, how far should I go?
Should I set up as a US business instead with a US bank account?
How will I set up the accounting software to deal with currencies?
How often should I convert to GPB to take my wage since I live in the UK?
Thank you.
I pay almost all my expenses in USD and receive almost all my income in USD yet I convert each and every transaction into GPB. I know this is probably the worst way to do it but that is what I need help setting up.
Plus I am also a victim to currency changes.
I have found a "Business Currency Account" that I can open with my Uk bank. But is this enough, how far should I go?
Should I set up as a US business instead with a US bank account?
How will I set up the accounting software to deal with currencies?
How often should I convert to GPB to take my wage since I live in the UK?
Thank you.
Rori O.
0% (0)Projects Completed
3
Freelancers worked with
3
Projects awarded
16%
Last project
5 Jul 2012
United Kingdom
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