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The Basic Rules of Trading by George Mathew
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The Basic Rules of Trading |
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Automotive
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A good car is definitely a source of comfort and largely a necessity for us. In recent years the demand for luxury cars has been on peak. The craze of young generation to possess a brand new car of their own has resulted in sale of luxury cars in large amounts. A potential buyer either has a choice of buying the car directly from the show room or it can be bought by making a purchase deal of an old car. Some ancient cars or the cars that have had limited number of edition can only be bought from another user. However, some prefer to have a car in the capacity of being the first owner while others are more concerned towards getting an old car that have an added feature of familiarity and self recognitions. Honda Trader deals in cars of this specific company. Trading in cars of one particular make bring in a variety of both pros and cons. The advantages range from obtaining a licence from the maker of the car, less complications in taxability and documentation matters and specialization. The above points are to be explained in detail. Getting an exclusive licence to trade in a particular make of a car bring in greater customer recognition, increased profit margins in the form of lower transfer cost from the manufacturer including the facility of credit which even in some cases mean that the trader needs to pay the manufacturer only after finalizing a deal with a customer. The complications are let up as the taxability laws are applied in a straight and simple manner without being the victim of extra duties and penalties in case on a non trading concern or where the manufacturer directly makes the sale. The purpose of easing out the taxability laws is to include several persons as stakeholders and to make the chain more extensive. In this way although the tax amount collected is lesser as compared to the tax collected in case of direct sale by the manufacturer, the employment ratio coupled with setting up of new business increases thereby benefitting the mass at large. Same is the case with mazda trader. trading in Dubai is surrounded by some legislations but their compliance is not of a problem once a business is set up and it has taken momentum. In some cases, there is not even the requirement of employing a legal expert and all the compliance with the legal laws can be made on hand by accountants or other professionals. However, legal advisors are necessary where the scope of business is large or where there is a specific requirement to have a legal representative. The name of legal representative, whether it is single owner firm or of multiple owners, should be mentioned in the financial statements. Usually it is reflected in the profile of the company where other details like the name of directors and major shareholders are given. So if you need assistance in any respect of trading of whatever commodity, we offer our services to you at an affordable price.
Related Articles -
Honda trader, Mazda trader, Trading in Dubai,
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