Why do international business dealings require integrated legal, tax, and accounting services? It doesn’t matter how small or large your company is. If you are a U.S. company that conducts business outside of the United States, your business model requires a level of sophistication that is much different from managing a business locally or regionally. International business dealings involve transactions that require insight from several perspectives, including:
- The legal structures that allow you to partner with offshore manufacturing, distribution, or financial investment
- Transactional planning to manage how your company experiences income, gains, and losses, where those events occur, and even when in order to minimize the impact of taxation and maximize profitability
- The accounting systems that capture the right informational data at every point and in every aspect of your operations and transactions to inform critical business decisions and provide the foundation for reduced taxation, internal analysis, and decision support, as well as business and financial reporting
- The local, state, federal, and international tax implications of offshore business transactions
The sheer complexity of many international business dealings requires integrated legal, tax, and accounting services. How efficiently and effectively do you presently manage transactions in multiple currencies across several tax jurisdictions and entities? How does your organization manage the differences between the GAAP standards of the U.S. and the differing accounting processes, reporting, and standards of other nations around the world? How do you ensure legal compliance with all trade laws, the protection of Intellectual Property (IP), contracts, labor relations, and even dispute management?
How do you structure your business dealings to minimize risk while maximizing return on investment? How will you manage the unique cultural and communication aspects of your operations? One of the most common reasons for failure in mergers and acquisitions, joint ventures, and international business relationships centers on the cultural differences in how organizations are operated and managed and how marketing messages connect with local cultures and values. In addition, you need effective, proven strategies to manage the challenges of coordinating crucial efforts and capturing transactional data across time zones, international borders, governmental structures, and tax regimes to accomplish successful and profitable transactions.
These are business realities that require creative and integrated legal, tax, accounting, and business advisory solutions.
Allen Barron provides companies conducting international businesses with a single source business partner with integrated legal, tax, accounting, and business advisory services. We can advise you on every aspect of structuring your business or constellation of entities, transactions, contracts, and accounting processes to minimize the impact of taxation on these complicated transactions while increasing retained profits. Our business advisory group has deep experience in managing multi-national business operations. We provide counsel and consultation on extensive integrated issues from entity formation, tax strategy, and compliance to transfer pricing issues and supply chain management.
Our experienced business and tax attorneys provide insight into the business, economic, and tax ramifications of international business deals. This unique blend of experience, expertise, and multi-discipline competency ensures that our clients are well-informed, protected from contingent liabilities, and positioned to enter into offshore business relationships that allow their companies to profit from expanded markets and opportunities.
If you are considering a joint venture, the formation of a US or foreign-based corporation or require tax consultation we invite you to learn more about the integrated tax, legal, accounting and business consulting services of Allen Barron and contact us or call today to schedule a free consultation at 866-631-3470.
