Seven Ways to Keep Your Business US-Based and Safe

How to Make Good Business in US: Keeping your business safe and secure is paramount in today’s world.

With the rising tensions between the U.S. and other countries, there are many security threats for businesses operating both domestically and abroad. As an American business owner working abroad or planning to expand overseas, it’s important that you take all the necessary steps to keep your company safe and secure.
Depending on how your business is structured, there are certain precautions you need to take to protect your assets and safeguard yourself from potential threats.

If you plan to operate as a sole proprietor, partnership, or corporation, knowing where you stand on this front can help you understand how to best proceed with your business operations.
With so much upheaval around the globe right now, it’s more important than ever that we protect our businesses wherever they may be based or operate from.

Here are seven tips from New York-based attorney Jacob Cohen on keeping your business safe and secure:

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Seven Ways to Keep Your Business US-Based and Safe

How to Make Good Business in US: Keeping your business safe while based in the USA and working with clients that are primarily overseas can be tricky. But it’s not impossible! As an expat, you have the advantage of being able to look at things from a third-party perspective. Use this as your unique opportunity to implement safeguards and checks that you might not have thought about if you were still living in your home country. There are many different things that expats need to take into consideration when setting up a business abroad. Here are seven ways to keep your business safe as an American abroad:

Make sure you have adequate insurance coverage

When you’re setting up a business, you want to be sure you’re protected. And when it comes to insurance, it’s best to be safe than sorry. Even if you don’t think you need it, start a policy out of precaution. There are many different types of insurance that you can have, depending on what kind of business you’re running. For example, if you’re running an online business, you may want to look into cyber liability insurance. This will protect you in the event of data breaches, identity theft, and other online security threats. Another type of insurance you should consider is general business liability insurance. This is important if your clients are in the United States. It will cover you in the event of any lawsuits or claims that are filed against you. This is important because if such a claim is made, it could affect the ability of your business to operate.

Use a VPN for your internet and email activities

How to Make Good Business in US: When you’re working online and potentially sending out sensitive information, it’s important to take precautions to keep your information safe. Cybersecurity threats are a real concern when operating a business online. One way that you can protect yourself is by using a virtual private network (VPN). A VPN will help keep your information safe while you’re online. It encrypts your data and keeps it hidden from prying eyes. VPNs can also help you overcome website blocks and geo-blocks, meaning you’re less likely to have problems if you’re working with overseas clients. However, it’s important to note that VPNs aren’t 100% safe. They can be detected by some websites as a form of hacking, which can result in you getting blocked from accessing certain sites. The best thing to do is to pick a reliable VPN and make sure you don’t use it for anything other than work.

Know your rights as an American working abroad

It’s important to know your rights as an American working abroad. You’re not required to pay taxes to the United States if you’re working abroad, as long as your income doesn’t exceed the annual exclusion amount, which is currently $104,100. You’ll also need to file a 1040 tax return as a non-resident. While you’re working abroad, you still qualify for health insurance and other benefits. You just have to file a form every year to ensure you remain eligible. You can also apply for a Social Security card, just like a resident. Make sure you’re signed up to receive benefits and cards.

Be cautious with who you share your business information with

How to Make Good Business in US: One thing to be cautious of when operating a business abroad is how you share your information with other people. Certain business ventures require you to be a member with certain organizations or to register your company with certain government entities. Before you share your information with third parties, make sure you check their legitimacy. Many organizations that require registration in the United States also operate in other countries. This means that you can just register with one central organization, but you’ll have to pay a fee as an American. You can help yourself by making sure you know where your information is going and what it’s being used for. You may want to consider using a fake name and address when registering with companies. This will help keep your information from being traced back to you and your business.

Don’t be too hasty when it comes to outsourcing overseas

We’ve all heard about the benefits of outsourcing work to places like Asia. However, you should be careful about outsourcing to certain places. While outsourcing is a great way to help grow your business, you don’t want to outsource to a country that could be a security risk. For example, outsourcing to China is a great way to save money and scale up your business. However, be cautious about outsourcing to China, as your data and information may be more likely to be hacked and compromised. Outsourcing to places like Russia and the Ukraine can be dangerous, due to the fact that their governments don’t have the same expectations and regulations as the US government. This can lead to breaches and other issues that can be problematic for your business.

Put in place strong password protection and two-factor authentication

How to Make Good Business in USIt’s important to put in place strong password protection on all of your accounts. This includes your business accounts as well as your personal accounts. You should also use two-factor authentication on all of your accounts that offer it. This will help keep your accounts safe from being breached or hacked. However, be careful about which accounts you use two-factor authentication for. Pick and choose which ones are most important and will impact your business the most. Keep your sensitive information stored on secure servers. You can encrypt your sensitive information and store it on cloud servers. This will help protect your information from falling into the wrong hands. Be mindful of the type of cloud server you’re picking, as some are safer than others. You also want to make sure that you’re not storing personal information on your business servers. This information is best kept separate.

Conclusion

Keeping your business safe while based in the USA and working with clients that are primarily overseas can be tricky. But it’s not impossible! As an expat, you have the advantage of being able to look at things from a third-party perspective. Use this as your unique opportunity to implement safeguards and checks that you might not have thought about if you were still living in your home country. Keeping your business safe while based in the USA and working with clients that are primarily overseas can be tricky. But it’s not impossible! As an expat, you have the advantage of being able to look at things from a third-party perspective. Use this as your unique opportunity to implement safeguards and checks that you might not have thought about if you were still living in your home country.