Sales Tax in the United States: What is Nexus and How Does it Affect Sales Tax?
We recently published an article explaining how to open a company in the United States. The process we described is bureaucratic in nature, but it includes one significant component that requires long-term financial planning: deciding in which state to register the new company. There are several considerations that influence the choice of state, primarily the […]
How to Open a Company in the United States
At Danoy, we operate extensively as the finance department for companies and organizations that operate globally. Since we work with many technology companies and startups whose main target audience is in the United States, we often recommend these companies to open an American company and manage their business and financial activities through it. This is […]
Chasing the Holy Grail: How an External CFO Can Help a Startup Scale
Let’s talk about scaling. The term “scaling” can refer to business growth, a term most people (including company managers) associate with increasing profits. In our opinion, it’s a larger concept than just profit growth, and it’s worth discussion. An organization aiming for true scaling must look not only at profits but also at organizational, business, […]
The Moment of Truth: How Can an Outsourced CFO Help a Company Weather Crises?
The past few years have brought numerous crises. It started in 2020 with COVID-19, continued in 2021 with a global recession and the Russia-Ukraine war, and now, in 2024, we face another war with no end in sight. Each crisis had unique characteristics, but they all shared a crucial common factor—they all impacted the economy […]
Cap Table: Entrepreneurs, This Is the Table that Organizes Your Company’s Ownership Structure
As a financial management and consulting firm that works extensively with startups, one common issue we encounter is… who actually owns the company? This question may seem straightforward. After all, shouldn’t the company be owned by the people who founded it? In many cases, that is indeed the answer. Most businesses are founded by a […]
What is a Safe Agreement and how does it Help Startups Raise Investments?
Many of our clients at Danoy are new startup companies involved in innovative technology development. We assist these young companies in effectively establishing their financial departments and manage funds raised through investments or sales. This allows their CEOs and development teams to focus on what they do best, for instance product development or sales. Often, […]
Special Announcement: Danoy Joins Israel-Japan Friendship Society & Chamber of Commerce (IJCC)
We are happy to announce that Danoy has joined the Israel-Japan Friendship Society & Chamber of Commerce (IJCC). Throughout our years of operation, Danoy has provided financial services to a variety of Japanese companies operating in Israel, as well as Israeli and international companies operating in Japan. The beneficial business activity has led to partnerships […]
External CFO Explains: What is Corporate Inversion, Who Needs It, and How to Do It Right?
One of the intriguing moves in the financial world is corporate inversion. This process involves a local company becoming a subsidiary of a foreign company registered in another country (often the United States). The shareholders of the local company transfer their ownership to the parent company, which then becomes the owner of the original Israeli […]
The New CFO Has Arrived: The First 4 Things Danoy’s External CFO Will Do
One of the services we at Danoy most enjoy providing is outsourced CFO services. As part of this service, one of our senior financial professionals integrates as an external manager of the client’s finance department, thus offering the client organization the knowledge and experience of a senior and experienced financial professional. As an external CFO, […]
Corporate Taxation in the United States: What is Form 1099 and Who Needs to File It?
As a financial management company providing services to many startups, high-tech companies, and other international companies, we at Danoy work extensively with the American tax authority (IRS). One of the important forms in communication with the IRS is Form 1099, which is intended to report non-salary payments to any American entity. What does this mean? […]