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Domestic vs. International Business (Domestic, International, United…
Domestic vs. International Business
Domestic
International
United States
The Netherlands
-Operation: within country
-Single currency
-Few restrictions
-Less capital investment
-Nature of customers are homogenous
-Mobility of factors of production are free
-Business research is easily conducted
-Operation: whole world
-Multiple currencies
-Many restrictions
-Huge capital investment
-Nature of customers are heterogenous
-Mobility of factors of production are restricted
-Business research is not easily conducted
-Standard of quality: low
-Standard of quality: very high
Legal System- Both Federal and Local laws
Legal System- Civil, Administrative, and Criminal laws
Tax types- BTW, Income tax, Payroll tax, and Corporation tax
Income tax, Estimated taxes, Self-Employment taxes, Employment taxes, Excise tax
Types of Insurance- Health, invalidity, accident, maternity leave, pension or annuity policy, business liability, loss of profits, property, associate, computer, goods transport, credit, machinery
Property insurance, professional liability, workers' compensation, home-based businesses, product liability, vehicle, and business interruption insurance
Register with the Dutch Commercial Register at the Chamber of Commerce
All-in-one Permit for Physical Aspects
Location= everything
LLCs, Corporations, Partnerships,
Register business as a federal or state trademark