GreenFirst Forest Products Inc (ICLTF) Q1 2025 Earnings Call Highlights: Navigating Tariff ...
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
GreenFirst Forest Products Inc (ICLTF) reported a positive EBITDA of $5.1 million and a net income of $920,000 for Q1 2025, marking an improvement from the previous quarter.
The company benefited from higher lumber prices, which helped absorb potential tariff risks.
GreenFirst Forest Products Inc (ICLTF) maintained a strong balance sheet with excess liquidity of $51.4 million, including both revolving and equipment portions of their credit facility.
The company successfully delivered $9.1 million in incremental EBITDA through operational improvements in 2024 and identified approximately $8 million in non-CapEx efficiency gains for 2025.
The repair and remodeling market segment remains strong, driven by increased home equity, aging housing stock, and favorable homeowner investment trends.
Shipment and production were lower than expected due to tariff uncertainties and winter-related disruptions in Northern Ontario.
The potential increase in combined duty rates from 14.4% to 34.45% could impact end consumers and increase housing costs in the US.
The lumber market experienced a decline in prices towards the end of Q1 2025, indicating potential volatility.
GreenFirst Forest Products Inc (ICLTF) faced reduced demand due to housing affordability challenges caused by elevated mortgage rates.
The company had to temporarily pause major capital initiatives to preserve a strong balance sheet in anticipation of potential economic headwinds.
Warning! GuruFocus has detected 1 Warning Sign with ICLTF.
Q: Can you speak to the high levels of inventory currently being held at the end of the quarter? Are you seeing any demand concerns from buyers due to this potential increase in duty and tariff? A: (Joel Fournier, CEO) Our raw material inventory increased by $23 million from Q4 2024, aligning with our expectations due to seasonal harvesting. Economic uncertainty led to a temporary increase in lumber inventory by $10 million, but we expect a decrease during Q2.
Q: Pricing has started to decline towards the back half of the quarter. Can you talk about what you are seeing in demand right now, both on the repair and remodeling side and new residential construction? A: (Joel Fournier, CEO) The average price was $492 per 1,000 US for Q1, currently at $437 per 1,000. US housing starts showed resilience, and the repair and remodeling market remains strong, driven by increased home equity and aging housing stock.
Q: How confident are you in executing your $50 million CapEx plan with the current capital allocation and balance sheet strength? A: (Peter Ferrante, CFO) We are taking a prudent approach, focusing on selective initiatives like the new saw line at the holo location. Our balance sheet is strong, with excess liquidity of $51.4 million, allowing us to manage our capital projects effectively.
Q: What are the company's thoughts on the recently announced duty increase from 14.4% to 34.45% for Canadian shipments to the US? What will be the impact on the business? A: (Michel Lessard, President) The increased duty rate is concerning, but historically, costs have been passed to end customers, increasing US housing costs. We hope for a resolution before the new tariffs take effect.
Q: What is the company's position on the timing for resolution of the US Department of Commerce under Section 232 investigation? A: (Michel Lessard, President) The investigation is expected to be completed by November 2025. We are not paying additional tariffs beyond current duties and hope the report will show Canadian lumber is not a threat to US national security.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
This article first appeared on GuruFocus.
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Associated Press
5 minutes ago
- Associated Press
Riskified Reports Second Quarter Results, Driven By New Business Wins and Robust Upsell Activity
NEW YORK--(BUSINESS WIRE)--Aug 18, 2025-- Riskified Ltd. (NYSE: RSKD) (the 'Company'), a leader in ecommerce fraud and risk intelligence, today announced financial results for the three and six months ended June 30, 2025. The Company will host an investor call to discuss these results today at 8:30 a.m. Eastern Time. 'We delivered solid second-quarter results, driven by consistent execution and demand for our platform. As fraud becomes more complex, we have advanced our AI capabilities to strengthen our competitive edge, expand our market leadership position, and deliver exceptional value to our merchants. The new buyback authorization reflects our confidence in Riskified's long-term potential and our disciplined approach to shareholder returns,' said Eido Gal, Co-Founder and Chief Executive Officer of Riskified. Q2 2025 Business Highlights Q2 2025 Financial Summary & Highlights The following table summarizes our consolidated financial results for the three and six months ended June 30, 2025 and 2024, in thousands except where indicated: Additional Financial Highlights 'We remain focused on disciplined execution and managing what's within our control. We believe our ability to deliver positive Adjusted EBITDA and generate free cash flow reflects the strength of our operating model, and reinforces our long-term commitment to driving sustainable shareholder value,' said Aglika Dotcheva, Chief Financial Officer of Riskified. Financial Outlook For the year ending December 31, 2025, we now expect: For the year ending December 31, 2025, we continue to expect: (1) GMV is a key performance indicator. Adjusted EBITDA, Adjusted EBITDA margin, non-GAAP gross profit margin, non-GAAP diluted net profit per share, and free cash flow are non-GAAP measures of financial performance. See 'Key Performance Indicators and Non-GAAP Measures' for additional information and 'Reconciliation of GAAP to Non-GAAP Measures' for a reconciliation to the most directly comparable GAAP measure. (2) We refer to certain forward-looking non-GAAP financial measures in this press release and on our quarterly results conference call. We are not able to provide a reconciliation of forward-looking Adjusted EBITDA, Adjusted EBITDA margin, non-GAAP gross profit, non-GAAP gross profit margin, or non-GAAP operating expense for the fiscal year ending December 31, 2025 to net profit (loss), gross profit, and total operating expenses, respectively, because certain items that are excluded from these non-GAAP metrics but included in the most directly comparable GAAP financial measures, cannot be predicted on a forward-looking basis without unreasonable effort or are not within our control. For example, we are unable to forecast the magnitude of foreign currency transaction gains or losses which are subject to many economic and other factors beyond our control. For the same reasons, we are unable to address the probable significance of the unavailable information, which could have a potentially unpredictable and significant impact on our future GAAP financial results. Authorization to Repurchase Ordinary Shares On August 15, 2025, the Company's Board of Directors authorized the repurchase of up to $75 million of the Company's Class A ordinary shares, subject to the completion of required Israeli regulatory procedures. This authorization is in addition to the Company's existing $225 million share repurchase authorizations in the aggregate, of which approximately $215 million had been utilized as of August 15, 2025. Any share repurchases under the program may be made from time to time in the open market, including through trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the 'Exchange Act'), in privately negotiated transactions or by other means in accordance with U.S. federal securities laws. The Company intends to fund repurchases from existing cash and cash equivalents. Following, and subject to, completion of the required Israeli regulatory procedures, the timing, as well as the number and value of any shares repurchased under the program, will be determined by the Company at its discretion under the Board authorized program and will depend on a variety of factors, including management's assessment of the intrinsic value of the Company's Class A ordinary shares, the market price of the Company's Class A ordinary shares, general market and economic conditions, available liquidity, alternative investment opportunities, and applicable legal requirements. The Company is not obligated to acquire any particular amount of Class A ordinary shares under the program, and the program may be suspended, modified or discontinued at any time without prior notice. This press release is neither an offer to purchase nor a solicitation of an offer to buy any securities. Conference Call and Webcast Details The Company will host a conference call to discuss its financial results today, August 18, 2025 at 8:30 a.m. Eastern Time. A live webcast of the call can be accessed from Riskified's Investor Relations website at A replay of the webcast will also be available for a limited time at The press release with the financial results, as well as the investor presentation materials will be accessible on the Company's Investor Relations website prior to the conference call. Key Performance Indicators and Non-GAAP Measures This press release and the accompanying tables contain references to Gross Merchandise Volume ('GMV'), which is a key performance indicator, and to certain non-GAAP measures which include non-GAAP measures of financial performance such as Adjusted EBITDA, Adjusted EBITDA margin, non-GAAP gross profit, non-GAAP gross profit margin, non-GAAP cost of revenue, non-GAAP operating expenses by line item, non-GAAP net profit (loss), and non-GAAP net profit (loss) per share, and a non-GAAP measure of liquidity, Free Cash Flow. Management and our Board of Directors use key performance indicators and non-GAAP measures as supplemental measures of performance and liquidity because they assist us in comparing our operating performance on a consistent basis, as they remove the impact of items that we believe do not directly reflect our core operations. We also use Adjusted EBITDA for planning purposes, including the preparation of our internal annual operating budget and financial projections, to evaluate the performance and effectiveness of our strategic initiatives, and to evaluate our capacity to expand our business. Free Cash Flow provides useful information to management and investors about the amount of cash generated by the business that can be used for strategic opportunities, including investing in our business and strengthening our balance sheet. These non-GAAP measures should not be construed as an inference that our future results will be unaffected by unusual or other items. Non-GAAP measures of financial performance have limitations as analytical tools in that these measures do not reflect our cash expenditures, or future requirements for capital expenditures, or contractual commitments; these measures do not reflect changes in, or cash requirements for, our working capital needs; these measures do not reflect our tax expense or the cash requirements to pay our taxes, and assets being depreciated and amortized will often have to be replaced in the future and these measures do not reflect any cash requirements for such replacements. Free Cash Flow is limited because it does not represent the residual cash flow available for discretionary expenditures. Free Cash Flow is not necessarily a measure of our ability to fund our cash needs. In light of these limitations, management uses these non-GAAP measures to supplement, not replace, our GAAP results. The non-GAAP measures used herein are not necessarily comparable to similarly titled captions of other companies due to different calculation methods. Non-GAAP financial measures should not be considered in isolation, as an alternative to, or superior to information prepared and presented in accordance with GAAP. These measures are frequently used by analysts, investors and other interested parties to evaluate companies in our industry. By providing these non-GAAP measures together with a reconciliation to the most comparable GAAP measure, we believe we are enhancing investors' understanding of our business and our results of operations, as well as assisting investors in evaluating how well we are executing our strategic initiatives. We define GMV as the gross total dollar value of orders reviewed through our AI-powered ecommerce risk intelligence platform during the period indicated, including the value of orders that we did not approve. GMV is an indicator of the success of our merchants and the scale of our platform. GMV does not represent transactions successfully completed on our merchants' websites or revenue earned by us, however, our revenue is directionally correlated with the level of GMV reviewed through our platform and is an indicator of future revenue opportunities. We generate revenue based on the portion of GMV we approve multiplied by the associated risk-adjusted fee. We define each of our non-GAAP measures of financial performance, as the respective GAAP balances shown in the below tables, adjusted for, as applicable, depreciation and amortization (including amortization of capitalized internal-use software as presented in our statement of cash flows), share-based compensation expense, payroll taxes related to share-based compensation, legal-related and other expenses, restructuring costs, provision for (benefit from) income taxes, other income (expense) including foreign currency transaction gains and losses and gains and losses on non-designated hedges, and interest income (expense). Adjusted EBITDA margin represents Adjusted EBITDA expressed as a percentage of revenue. Non-GAAP Gross Profit Margin represents Non-GAAP Gross Profit expressed as a percentage of revenue. We define non-GAAP net profit (loss) per share as non-GAAP net profit (loss) divided by non-GAAP weighted-average shares. We define non-GAAP weighted-average shares, as GAAP weighted average shares, adjusted to reflect any dilutive ordinary share equivalents resulting from non-GAAP net profit (loss), if applicable. We define Free Cash Flow as net cash provided by (used in) operating activities, less cash purchases of property and equipment. Management believes that by excluding certain items from the associated GAAP measure, these non-GAAP measures are useful in assessing our performance and provide meaningful supplemental information due to the following factors: Depreciation and amortization: We exclude depreciation and amortization (including amortization of capitalized internal-use software) because we believe that these costs are not core to the performance of our business and the utilization of the underlying assets being depreciated and amortized can change without a corresponding impact on the operating performance of our business. Management believes that excluding depreciation and amortization facilitates comparability with other companies in our industry. Share-based compensation expense: We exclude share-based compensation expense primarily because it is a non-cash expense that does not directly correlate to the current performance of our business. This is partly because the expense is calculated based on the grant date fair value of an award which may vary significantly from the current fair market value of the award based on factors outside of our control. Share-based compensation expense is principally aimed at aligning our employees' interests with those of our shareholders and at long-term retention, rather than to address operational performance for any particular period. Payroll taxes related to share-based compensation: We exclude employer payroll tax expense related to share-based compensation in order to see the full effect that excluding that share-based compensation expense had on our operating results. These expenses are tied to the exercise or vesting of underlying equity awards and the price of our common stock at the time of vesting or exercise, which may vary from period to period independent of the operating performance of our business. Legal-related and other expenses: We exclude certain costs incurred in connection with corporate initiatives that are non-recurring and not reflective of costs associated with our ongoing business and operating results and are viewed as unusual and infrequent. Restructuring costs: We exclude costs associated with reductions in force because these costs are related to one-time severance and benefit payments and are not reflective of costs associated with our ongoing business and operating results and are viewed as unusual and infrequent. See the tables below for reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures. Forward Looking Statements This press release and announcement contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward looking statements contained in Section 27A of the U.S. Securities Act of 1933, as amended (the 'Securities Act') and Section 21E of the Exchange Act. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our revenue and Adjusted EBITDA guidance for fiscal year 2025, our anticipated non-GAAP gross profit margin, expectations as to continued margin and Adjusted EBITDA expansion, future growth potential in new verticals, new geographies and from new-products, anticipated benefits of our share repurchase program and management of our dilution, internal modeling assumptions, expectations as to the macroeconomic environment, expectations as to our new merchant pipeline and geographic reach, market share and upsell opportunities, the impact of competition, pricing pressure and churn, the advancement and performance of our AI-powered multi-product platform, the benefits of our partnerships and collaborations with third-parties, our forecasted operating expenses and our business plans and strategy are forward looking statements, which reflect our current views with respect to future events and are not a guarantee of future performance. The words 'believe,' 'may,' 'will,' 'estimate,' 'potential,' 'continue,' 'anticipate,' 'intend,' 'expect,' 'could,' 'would,' 'project,' 'forecasts,' 'aims,' 'plan,' 'target,' and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the following: our ability to manage our growth effectively; continued use of credit cards and other payment methods that expose merchants to the risk of payment fraud, and other changes in laws and regulations, including card scheme rules, related to the use of these payment methods, and the emergence of new alternative payments products; our ability to attract new merchants and retain existing merchants and increase sales of our products to existing merchants; our history of net losses and ability to achieve profitability; the impact of macroeconomic and geopolitical conditions on us and on the performance of our merchants; the accuracy of our estimates of market opportunity and forecasts of market growth; competition; our ability to continue to improve our machine learning models; fluctuations in our CTB Ratio and gross profit margin, including as a result of large-scale merchant fraud attacks or other security incidents; our ability to protect the information of our merchants and consumers; our ability to predict future revenue due to lengthy sales cycles; seasonal fluctuations in revenue; our merchant concentration and loss of a significant merchant; the financial condition of our merchants, particularly in challenging macroeconomic environments, and the impact of pricing pressure; our ability to increase the adoption of our products, develop and introduce new products and effectively manage the impact of new product introductions on our existing product portfolio; our ability to mitigate the risks involved with selling our products to large enterprises; changes to our pricing and pricing structures; our ability to retain the services of our executive officers, and other key personnel, including our co-founders; our ability to attract and retain highly qualified personnel, including software engineers and data scientists, particularly in Israel; our ability to manage periodic realignments of our organization, including expansion or reductions in force; our exposure to existing and potential future litigation claims; our exposure to fluctuations in currency exchange rates, including recent declines in the value of the Israeli shekel against the US dollar as a result of the ongoing conflict in Israel; our ability to obtain additional capital; our reliance on third-party providers of cloud-based infrastructure; our ability to protect our intellectual property rights; technology and infrastructure interruptions or performance problems; the efficiency and accuracy of our machine learning models and access to third-party and merchant data; our ability to comply with evolving data protection, privacy and security laws; the development of regulatory frameworks for machine learning technology and artificial intelligence; our use of open-source software; our ability to enhance and maintain our brand; our ability to execute potential acquisitions, strategic investments, partnerships, or alliances; potential claims related to the violation of the intellectual property rights of third parties; our failure to comply with anti-corruption, trade compliance, and economic sanctions laws and regulations; disruption, instability and volatility in global markets and industries; our ability to enforce non-compete agreements entered into with our employees; our ability to maintain effective systems of disclosure controls and financial reporting; our ability to accurately estimate or judgements relating to our critical accounting policies; our business in China; changes in tax laws or regulations; increasing scrutiny of, and expectations for, environmental, social and governance initiatives; potential future requirements to collect sales or other taxes; potential future changes in the taxation of international business and corporate tax reform; changes in and application of insurance laws or regulations; conditions in Israel that may affect our operations; the impact of the dual class structure of our ordinary shares; risks associated with our share repurchase program, including the risk that the program could increase volatility and fail to enhance shareholder value; our status as a foreign private issuer; and other risk factors set forth in Item 3.D - 'Risk Factors' in our Annual Report on Form 20-F for the fiscal year ended December 31, 2024, as filed with the SEC on March 6, 2025, and other documents filed with or furnished to the SEC. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this press release. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. About Riskified Riskified (NYSE:RSKD) empowers businesses to unleash ecommerce growth by outsmarting risk. Many of the world's biggest brands and publicly traded companies selling online rely on Riskified for guaranteed protection against chargebacks, to fight fraud and policy abuse at scale, and to improve customer retention. Developed and managed by the largest team of ecommerce risk analysts, data scientists, and researchers, Riskified's AI-powered fraud and risk intelligence platform analyzes the individual behind each interaction to provide real-time decisions and robust identity-based insights. Learn more at Reconciliation of GAAP to Non-GAAP Measures The following tables reconcile non-GAAP measures to the most directly comparable GAAP measure and are presented in thousands except for share and per share amounts. View source version on CONTACT: Investor Relations:Chett Mandel, Head of Investor Relations |[email protected] Corporate Communications: Cristina Dinozo, Senior Director of Communications |[email protected] KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: NETWORKS INTERNET OTHER TECHNOLOGY TECHNOLOGY SOFTWARE SOURCE: Riskified Ltd. Copyright Business Wire 2025. PUB: 08/18/2025 06:50 AM/DISC: 08/18/2025 06:49 AM
Business Wire
6 minutes ago
- Business Wire
Omdia: Global TV Shipments Fell 2.1% in 2Q25 as Key Markets Decline
LONDON--(BUSINESS WIRE)--Global TV shipments experienced a 2.1% year-on-year decline in the second quarter of 2025, according to new analysis from Omdia's quarterly TV Sets Market Tracker. The drop comes as brands realign inventory and shift focus to new target markets amid volatile tariffs. The poor second quarter performance in Europe and North America were a direct result of inventory rebalancing,' said Matthew Rubin, Principal Analyst, TV Set Research, Omdia. According to Omdia's latest TV Sets (Emerging Technologies) Market Tracker: History – 2Q25, global TV shipments fell to 47.1 million units in Q2 2025, down from 48.1 million in the same period last year. The decline in volume is the first year-on-year fall since Q1 2024. The decline was driven by key mature markets, with shipments to Western Europe, North America, and Japan falling by 9.7%, 7.4%, and 4.5% respectively. 'The poor second quarter performance in Europe and North America were a direct result of inventory rebalancing,' said Matthew Rubin, Principal Analyst, TV Set Research, Omdia. 'Brands have sent extra shipments into both markets since the second half of last year to get ahead of higher US tariffs, and we are now seeing the effect of that strategic shift.' The slowdown in growth for TCL and Hisense, whose combined growth was up 4.8% year-on-year (their lowest rate of growth since 2023), highlights the global challenges being faced. The US market faces growing trade barriers, resulting in both brands making strategic shifts to other markets, such as Europe. However, intense price competition across Europe has not been able to stimulate consumer demand, which is unsurprising in a year without a major sporting event like the FIFA World Cup to drive sales. Heavy discounting of TVs has nonetheless suppressed selling prices and created difficult trading conditions for all non-Chinese incumbent brands. Strong second quarter shipment growth in the Middle East & Africa (up 8.7% year-on-year) and Asia & Oceania (up 6.4%) indicates that brands are targeting less-mature markets. This shift is being driven increasingly by Chinese brands, often at the expense of their Korean counterparts. Mexican factories have ramped up production but are having to look toward other Latin American markets due to reduced inventory requirements in the US. Similarly, Asian TV production, which had to divert shipments away from the US due to tariffs, was expected to shift to Europe, but this market has also slowed. The potential consequence of these shifts is that if local demand is unable to keep up in these less-mature markets, it will likely add further volatility to shipments throughout the rest of the year. 'Fortunately for incumbent non-Chinese brands, the local TV market in China continues to grow, with shipments up 1.6%. If local demand in China falls, significant volume will likely be pushed into other international markets, adding to competition and volatility. Indeed, this should be expected next year, when this temporary, government-funded stimulus ends,' said Rubin. The OLED market, which was seen as a safe haven for key brands, also dipped in the second quarter of 2025, down 1.8%. However, this is mostly caused by heavy discounting of old 2024 OLED models, slowing the adoption of newer 2025 models that carry much higher prices. ABOUT OMDIA Omdia, part of Informa TechTarget, Inc. (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets combined with our actionable insights empower organizations to make smart growth decisions.
Time Business News
7 minutes ago
- Time Business News
A Beginner's Guide to ITIN Number and Incorporating Your Business in the U.S.
Starting a business in the United States can be one of the most exciting steps for international entrepreneurs. However, the process often comes with questions about legal compliance, tax filing, and identification numbers. One term you will frequently come across is the ITIN number. If you are planning to incorporate a company in the U.S. but do not qualify for a Social Security Number (SSN), then understanding the ITIN number is essential. In this guide, we will walk you through the basics of what an ITIN number is, why you need it, and how it connects to your U.S. corporation. We will also introduce you to USAIndiaCFO, a trusted partner for international founders who want seamless U.S. business incorporation and compliance services. An ITIN number, short for Individual Taxpayer Identification Number , is issued by the Internal Revenue Service (IRS). It is a nine-digit number that always begins with a '9' and looks similar to a Social Security Number. However, unlike an SSN, an ITIN number is specifically designed for individuals who need to file taxes in the United States but are not eligible for an SSN. For example, if you are a non-resident entrepreneur who owns a U.S. corporation, you may need to file tax returns. Since you don't qualify for an SSN, the IRS allows you to use an ITIN number instead. Many international business owners wonder if they really need an ITIN number. The answer depends on your role and business activities. You will need an ITIN number if: You are a non-U.S. resident who is a shareholder or director of a U.S. corporation. You need to comply with IRS tax filing requirements. You earn U.S.-sourced income but do not qualify for an SSN. You are claiming tax treaty benefits. In short, if you are connected to a U.S. company and have to report income or file taxes, an ITIN number becomes necessary. It's easy to confuse an ITIN number with an EIN (Employer Identification Number). However, they serve very different purposes. An EIN is issued to businesses. Your U.S. corporation will need an EIN to open a bank account, hire employees, and file corporate taxes. is issued to businesses. Your U.S. corporation will need an EIN to open a bank account, hire employees, and file corporate taxes. An ITIN is issued to individuals. If you are a foreign owner or investor in that corporation, you may need an ITIN number to file your personal tax returns. Think of the EIN as the business's ID and the ITIN as the individual's ID for tax purposes. Both numbers may be required for complete compliance. When you incorporate in the U.S., compliance is not optional—it is mandatory. Without an ITIN number, you may face difficulties such as: Inability to file your personal tax return. Losing eligibility for tax treaty benefits. Penalties for non-compliance. Challenges in building credibility with the IRS. On the other hand, with an ITIN number, you can confidently manage your tax obligations. Moreover, it signals to the IRS that you are committed to proper reporting, which strengthens your business reputation. Applying for an ITIN number may sound intimidating, but the process is straightforward if you follow the right steps. Here's a beginner-friendly overview: Prepare Form W-7 – This is the official IRS form for applying for an ITIN number. Gather Supporting Documents – Typically, you need your passport and documents that prove your foreign status. Submit the Application – You can apply through IRS-authorized Acceptance Agents or directly with the IRS. Wait for Processing – It usually takes 7–11 weeks to receive your ITIN number. Since accuracy is critical, many entrepreneurs prefer professional assistance to avoid rejections or delays. Navigating U.S. incorporation and compliance can feel overwhelming, especially for international founders. That's where USAIndiaCFO comes in. 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Expert Guidance for International Founders – Their team specializes in helping entrepreneurs from India and other countries start businesses in the U.S. By partnering with USAIndiaCFO, you avoid confusion, reduce delays, and focus on growing your business instead of worrying about paperwork. As a beginner, it's easy to make mistakes that delay your ITIN application. Be sure to avoid: Submitting incomplete forms. Using expired passports or documents. Confusing ITIN with EIN requirements. Ignoring deadlines for tax filings. With expert help from USAIndiaCFO, you can skip these errors and move forward with confidence. For international entrepreneurs, incorporating in the U.S. is a powerful step toward global growth. However, understanding compliance requirements such as the ITIN number is crucial. Without it, you may face challenges in tax filing and credibility. The good news is that you don't have to handle everything alone. USAIndiaCFO makes the process simple, guiding you through ITIN applications, EIN registration, incorporation, and compliance. With the right partner by your side, you can focus on building your dream business in the U.S. while leaving the complexities to the experts. TIME BUSINESS NEWS
