As the world grows smaller, more and
more U.S. businesses consider expanding their stateside operation to overseas
markets. Business owners thinking about going global should consider the: 1)
Cultural, 2) Legal, 3) Governmental, and 4) Business implications of expanding
internationally.
1.) Cultural considerations include
language barriers, time zone differences, religious or lifestyle differences,
market/product placement, and whether there is a need or desire for your
product in a foreign market. Being a truly international law firm,
BridgehouseLaw is uniquely qualified to assist your business in preparing for
any international expansion.
2.) Legal implications of operating in a
foreign country are complex and time consuming. Different labor and employment
laws, export/import requirements, taxes, and liability are all aspects of
expansion that must be addressed. The international attorneys at BridgehouseLaw
can provide accurate and timely advice on international corporate law.
3.) Governmental considerations include
the stability of the local government, the currency exchange rate, local
infrastructure, and governmental assistance programs for businesses.
BridgehouseLaw’s attorneys have the unique advantage of having worked with
foreign governments and have built working relationships with many foreign
governments.
4.) The business implications of global
expansion require business to perform comprehensive market studies, financial
feasibility studies, and potential partnership research to ensure that the
business thrives in a global market.
If you feel that your business is
ready for expansion beyond the U.S., please contact BridgehouseLaw LLP at charlotte@bridgehouselaw.us
or +1 (980) 219-5200.
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