Thursday, June 6, 2019

Legal translation service

For short texts is easy to your online translators but when you need to translate identity documentation, financial documents, official reports, transcripts, filed patents, precedents and legal rulings and witness statements..without professional translation isn’t possible to do things correct.
Each country has its own set of regulations for legal translators and  legal matters vary from country to country, so only professional translators who specialise in the legal field should be with deep knowledge of the laws of the source and target countries/languages to avoid mistranslations. Translator, with no preliminary knowledge of law-related linguistics, risks making a faulty contract translation, potentially incurring legal consequences to the business.
Legal translation service refers to a wide range of documents belonging to the legal industry. These can include warrants, summons registration certificates, remittance drafts, corporate statutes or administrative texts, technical documents such as texts for a judicial purpose, minutes of court proceedings, agreements, articles of association (in case of company formation), as well as various business documents and blanks.
Legal translation is different from other forms of translation, as it relies on the utmost precision of conveying information and terminological correspondence, since incorrect translation may lead to significant legal incongruity, including law violations and lawsuits. Use services of professional translators.

Wednesday, June 5, 2019

I’m a self-employed

Independence is a new synonym for sole trader, because you run your own business as an individual and are self-employed. Let’s take a look on some things and characteristics that are connected with mentioned term:
  • is the simplest form of establishment
  • is intended for natural persons
  • usually it can be registered online
  • it does not require a minimum amount of capital
  • you have less responsibilities
  • less bureaucracy
  • accounting depends on the form of taxation.
  • the entrepreneur is liable with all his assets for obligations arising as a result of running the business
  • the entrepreneur has the sole right to represent his activity
  • the entrepreneur may be subject to VAT
Every country has some differences in procedure and applying criteria for this form of business.
Tax that self-employer should pay also differs from country. Self-employment gives more freedom to choose in what country to register  your status. You can compare and choose the most attractive for you and your profession.

Self-employers are brave people because they are personally responsible for any losses business makes. They play many roles in their business and it doesn't mean that businessmen are perfect in all. Smart self-employer are brave enough to ask for consultancy.

Tuesday, June 4, 2019

Structure of the Credit Report

It could be hard to hear “Excuse me, but we should because of your credit report”. Think about building credit report before that moment.
Credit report is detailed file of an individual's credit history. Credit report captures financial information that lenders use to determine your creditworthiness.

Credit score, also known as your FICO score, is the unit to determine how good is your credit report. It will go up or down based on many factors.

Credit report is like a pizza from many ingredients. So what “ingredients” should you take into consideration?
Personal identifying information: name, current and sometimes also past addresses, date of birth, social security numbers (if required) and employer information, marital status, contact information.
Accounts: Revolving credit and/or installment loans including account status, contact information, credit limits or loan amounts, recent payments.
Payment information:  the loan term, monthly payment, monthly payment information on all accounts, original loan amount/credit limit/high balance. Payment history has the most impact on your credit scores.
Public records: this is any legal obligations, including bankruptcies, tax liens, civil judgments.
Debts: on accounts, credit cards and auto or other loans.
Negative information: paying late ot not paying at all, collection accounts, settled accounts, defaulting on a loan.
Start this race for better credit score and fight for credit points not because you want to beat someone but because potential for your future.

Friday, May 31, 2019

Intellectual property


What is Intellectual property?
It is a category of property that includes intangible creations of the human intellect. Intellectual property includes two types of rights: industrial property rights (trademarks, patents, designations of origin, industrial designs and designs) and copyrights.

Purpose of Intellectual property?
Main purpose is to promote the creation of many intellectual goods. Law gives people and businesses property rights to information and intellectual products - usually for a limited time. It provides an economic incentive for their creation, as it allows people to benefit from the information and intellectual property they generate. It is expected that these economic incentives will stimulate innovation and promote technological progress in countries, which depends on the level of protection granted to innovators.

Industrial property
Industrial property is one of two subgroups of intellectual property, it has various forms, including patents for inventions, industrial designs, trademarks, service marks, the layout of the integrated circuit, trade name and designation, Geographical indications and unfair competition models. In some cases, the aspects of intellectual creation, although present, are less clearly defined.

The question of existence. Online presence.


Do you do enough to represent your business in digital environment? Nowadays,isn’t enough with contact information, advertisement in magazine or easy available office.
Online presence is your online representation, where you exist and how you can be found on the web.

Company’s website is the first thing what you should to perform for your audience. It is a main place where customers can learn more about your company, services and can contact you.
However, online presence is not only about having website.

Logically that next step would be SEO. You should wish to take your website from zero to ranking on the front page of search engine.

Social media
It’s time to say “Houston, we have problem!” if you decided to use only one social media networking. Users aren’t so loyal to one social media platform and they visit more than 2. Don't let yourself to slip through customer' attention.

Blogging and Vlogging
Discover your writing and filming talents. Don’t forget about impact of influencers.

Forums
Participate on online forums associated with your niche. Over time, after sharing practical advice and contributing intelligently to conversations on these forums with larger audience than yours, you slowly build a wider reputation as a force to be reckoned with in your industry.

Branded emails
Think about design, topics and how often can you send emails. Don’t let to forget about you and your product.

These are just a few ways to increase your online presence.
Be patient because results don’t come in one day or even month. Perform online presence and all used tools will work like 1 mechanism.

Friday, March 29, 2019

It’s time for changes, for corporate restructuring!

Every developing company will reach point when it is time to think about restructuring. Corporate restructuring is about managing changes and it’s great when changes are positive.
Corporate restructuring is a corporate action taken to significantly modify the structure or the operations of the company.

Most common positive reasons to do restructuring:
  • experiment with new products, price strategy or implementing new technology;
  • starting to explore new markets (ex., you are going to the global market or go online);
  • reach out to new groups of customers;
  • changing a system of work, adding outsourcing, telecommuting;
  • changing management method, quality management or even reorganizing a company's legal, ownership;
  • new financial situation, for example, got found

The Corporate Restructuring takes place in two forms: financial and organizational.

So each company has own reason or reasons to make changes. How to start?

Steps of restructuring are the following:
  1. Determining what fields need to be restructured;
  2. Make an analysis, determine weaknesses and creating detailed plans to correct weaknesses during restructuring;
  3. Follow plans, implementing corrective action;
  4. Calculating and securing funding;
  5. Restructuring;
  6. Evaluating results.

When the company is in a process of restructuring and especially has final date for this process, it is easy to forget some things to do or things will be done subjectively or with no plans. For this reasons we recommend to use services of experienced company.

Do you plan to restructure something in the near future?

Sunday, March 3, 2019

What is a commercial bank ?

A commercial bank is a type of bank that provides services such as deposit acceptance, acceptance of business loans and the provision of investment products used as business profits.

It can also apply to a bank or a large bank branch dealing with corporations or large or medium-sized companies to distinguish it from a retail bank and investment bank.



Functions
  • Commercial banks accept various types of deposits from the public, especially from their customers, including savings on account deposits, repeated account deposits and fixed deposits. These deposits are returned when the customer requests it or after a certain period of time.
  • Commercial banks provide various forms of loans and advances, including overdraft, cash credit, invoice discounting, money after a call, etc. They also provide demand and term loans to all types of customers against adequate security