Category: Business News

Whether or not you had considered this before, becoming a CBD distributor in 2021 is an exciting opportunity, well suited for those with an entrepreneurial spirit, who look to expand their career options and earn money. It doesn’t matter if your company is big or small, becoming a CBD seller is an excellent first step in growing and expanding your business.

 

Professional development, the chance to capitalize on a fast growing industry and the possibility of working with exciting products that are meant to improve people’s health are just a few of the benefits of becoming a CBD distributor. It is also a way to gain understanding of what doing business in 2021 means, and be part of a sector witnessing terrific growth. So what better way to start 2021?

 

 If you are not yet convinced, here are some additional benefits to get you motivated:

 

Access To CBD Industry Insides

The CBD industry has evolved a lot in the past few years and those that are part of it for some time now have their share of knowledge regarding what works and what doesn’t in the cannabidiol world. If you form a partnership with the right supplier you can gain competitive advantage by benefiting from their extensive knowledge in the field, market insides and the accumulated experience. 

 

Support From Wholesalers

Not all wholesalers are the same. There are some that don’t care about the quality of their products and little less about the relationship with their distributors.

 

But they are also high quality CBD wholesale programs out there that will do their best to ensure that all is perfect throughout the supply chain. They will also support distributors in everything, from putting up their business, to finding the right target market and establishing effective marketing tactics. Offering lots of education and training support these wholesalers want to see their distributors succeed, and take great pride in the growth of their collaborators.

 

Low Start-Up Costs

Becoming a CBD distributor shouldn’t be costly. You can sell your products online, and other than building a website and setting up your marketing strategy there’s not so much else you need to worry about. An online CBD business requires no building, no space to rent, no utility bills and no other costs associated with traditional retail.

 

Room For Growth

With CBD you will never feel like you’ve reached the limit of your development and business opportunities. The cannabinoid industry is evolving and transforming each day so there are plenty of opportunities to learn, improve, and expand. 

 

High Profits

With a huge customer demand and massive potential profits, there’s no reason to worry that becoming a CBD distributor won’t bring you some nice money. Want some food for thought?

 

According to the investment firm, Cowen Inc, CBD products reached a $2 billion profit in 2028 and are projected to generate $16 billion in retail sales by 2025. …

Are you an individual entity and looking to obtain your Legal Entity Identifier? It’s good to know that LEI registration is quite a simple one that takes a short time. In this article, I will show you three simple steps in LEI registration.

 So, if you are looking for that LEI code to be easily recognized in your global financial transactions, then look no further since I got you covered. Here are the three easy steps in LEI registration.

• Registration

The first process is the registration process. However, before you can register, you need to have an account where you can log into. LEI offers a portal where you can create a user account for either one or multiple LEIs. You can also renew if you had an existing LEI or transfer your LEI from another LOU to GS1.

The registration process is, therefore, to create a user account for your LEI code. This section will require your application details like your name, phone number, email, position, and company name. Yes, it’s that simple and fast!

• Application

You have registered and can log into your user account? The next step is the application step. Just as the registration stage, the application stage is also an easy one. This stage requires your entity details, and you will be required to fill a form as well. The form will ask for the legal entity name, registration ID, country of foundation, company’s website, name of authorized signatory, etc. 

• Collect You LEI

The GS1 validation team takes things from here. Your record will be assigned an LEI and published to the LEI direct portal once the validation process is complete. IT takes an average of 72 hours for a standard LEI fulfilment. Yes, it’s that simple! Let’s now shift our attention to some of the critical factors to look at as well. These factors include the prices, reasons for an LEI code, and the period in which the LEI code is valid.

• What Are theLEI Prices?

LEI code prices differ according to the agents and the plans you select. The minimum plan goes for a year, with the maximum going for five years. Well, averagely the LEI costs £45/year, £120 for three years and £175 for five years. The costs tend to remain similar for applying for a new LEI code, renewing, or even transferring the code.

• Why Should You Have A LEI Code?

The LEI code is a unique code for legal entities that participate in global transactions. It identifies your entity as lawful and gives your entity the freedom to participate in international transactions. The regulators have come up with measures of ensuring that the entities have LEI for legal participation in the global financial markets by coining this- ‘No LEI, No Trade.’ To stay legal and get a chance to participate in the worldwide financial market confidently, you will need a LEI code/number. There is no other way about that.

• How Long Is the Lei Valid?

From the date of …

In an entrepreneur’s life, there is always so much to do, yet the time is so little. Thankfully there exists a variety of productivity tools and management softwares and services than there has ever existed. These productivity tools are designed to ensure that they aid entrepreneurs in managing multiple tasks, from endless distractions to the overflowing to-dos they have daily. For entrepreneurs who manage between running a business, having fun, staying fit, and family life, it can be tough to attain the right balance. To ensure that entrepreneurs are kept focused on their goals while still having peace of mind, this article has explored some of the best productivity apps, services, and tools available. One can also find reputable platforms offering business productivity tools at review sites such as ReviewsBird.

• StayFocusd
  Focus and concentration are rare words in the world of distraction. With technological advancements, there are so many things competing for your attention, making getting work done more difficult. StayFocusd has thankfully come to ensure one stays attentive, ensuring that one’s attention is kept away from straying towards activities, apps, and websites that only serve to waste our time. StayFocusd is an extension from google that is highly configurative and will ensure that you work without interruptions as an entrepreneur.

• Fitbit
  Like any other investment or asset, an entrepreneur’s mental clarity and health need a lot of monitoring and care. Sites such as Mindvalley help these aspects that one rarely focuses on. As far as Fitbit is concerned, it has a family of wearable fitness devices and trackers that will monitor your calorie and vitals intake, ensuring you are active physically even when your day is busy. The Fitbit wearable devices have a vibrating alarm that rouses you when it’s waking up time. There are various Fitbit wearable devices that you can strap on, ensuring you are in check as you go about your day-to-day entrepreneurial activities.

• Calendly
  Almost any entrepreneur has had to go through the annoying back and forth emailing hassles to set an interview, call, or meeting. Are you free tonight at 7? NO, What about tomorrow? NO, in a week or two? Entrepreneurs can relate to this hassle when it comes to scheduling. Calendly is a game-changer. It is an internet-based productivity tool that ensures that it is incredibly easy for almost every person to link and schedule a meeting just a few click away.

• Offtime
  Offtime is one of the resources that an entrepreneur can find most useful. It is one of the biggest investments that a company can make and one of the most valuable things you can share with your employees. It is a productivity tool that enables one to manage the time they spend online, ensuring one spends it on things that matter more. It appreciates that the internet is addictive and cautions one from the distractions by automatically unplugging your connections to the virtual distractions ensuring you keep a balance between peace of mind, work, and happiness.

• Zenpen
  Having

…

Does your company have commercial relations with European partners? Are some of your customers located in another EU country? You are, without doubt, concerned by intra-community VAT. This tax, introduced in 1993 to standardize the tax system in Europe, meets strict rules. 

How it works?

• Intra-community VAT on sales of goods.
• Intra-community VAT and the provision of services.
• Intra-community VAT for sales to non-taxable persons (individuals)

Which companies are subject to the intra-community VAT regime?

Intracommunity VAT on sales of goods

Principle of intra-community VAT: goods sold from a member country of the European Union (intra-community deliveries) to buyers established in another member state are exempt in the country of departure. In return, the purchase (intra-community acquisition) is taxed in the country of destination, according to the conditions in force in that country. Using the sales tax calculator  is important there.

Practical examples

Your company, established in Belgium, buys goods from a Luxembourg company. This is an intra-community acquisition. You will receive an invoice without VAT provided you have provided a valid intra-community VAT number to your suppliers. Since delivery takes place in Belgium, you are then liable for Belgian VAT . You indicate the amount to be paid in your VAT return in Belgium.

Note: in some cases, this VAT is deductible. This is the case in France, where VAT is deductible upon receipt of the goods. For this, you must respect the invoicing rules: mention of the price excluding tax and indication of the intra-community identification numbers of the supplier and the purchaser. Check with the competent administration.

Your company delivers its products to a partner in France. It then makes an intra-community delivery . You must issue an invoice without VAT. Your business does not pay VAT provided certain conditions are met:

• the seller and the buyer must be subject to VAT
• the two intra-community VAT numbers must be valid and appear on the invoice
• delivery must be made against payment and you must provide proof of transport outside Belgian territory
• You then proceed to a self-liquidation of the amount in your Belgian VAT return

As a reminder: movements of goods within the European Community are subject to a declaration obligation both for their entry and for their exit from the territory (Intrastats).

The self-assessment of intra-community VAT:

This involves including in your declaration the theoretical amount that should have been paid to the Belgian State by your company during this operation. Then, this amount is deducted (fictitious reimbursement by the Belgian State) so that the operation is null.

Warning: always check the authenticity of the VAT number transmitted

During an intra-community transaction, it is essential to verify the authenticity of the intra-community VAT number transmitted by your business partner. Indeed, if this number is false, your transaction will be treated as an individual transaction. You will then have to pay VAT. You can do this free of charge using the automated VAT information system (VIES) set up by the European Commission. Your company sells a product …