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Why Entrepreneurs Should Look At Offshore Banking

The Startup Magazine

However, entrepreneurs should consider establishing an offshore savings account instead. A savings account can have a range of different fees from monthly usage fees to application fees to management fees. The clear winners for this will be Belize and other Latin American countries. Entrepreneurs already take a lot of risks.

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Meet Team Michalowicz

Mike Michalowicz

Slowly over the years I have built a team that’s dedicated to fellow entrepreneurs and business owners. Amy – Project Manager-Book Derivatives and Masterminds, Office Manager, CSO (Chief Snacks Officer). Worst job ever: Office Manager for a surgeon with a mood disorder, who changed up his desired office procedures daily.

Belize 60
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The Series A crunch is hitting now. Have we even noticed?

pandodaily.com

Essentially, we got here by entrepreneurs having too much of a good thing. And because capital requirements are lower, entrepreneurs are holding onto more ownership, making it a lot easier to flip your company for less than, say, $30 million and become very rich. More cash equals more entrepreneurs who get to start companies.