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July 14th, 2008Opening a Small Import Business

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by Kelly Spors

Q: I’m planning on importing wooden handicrafts from Central America, and I would like to know what the legal requirements are to open a small import business.

A: Starting an import business is pretty painless. The real headache is often complying with the myriad U.S. Customs and Border Protection procedures and rules so you’re not slapped with needless fines that can gobble up your profits, and in some cases even put small importers out of business. Read More: Wall Street Journal 07/18/2006 (paid registration required after one week)

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