In recent years, businesses of all sizes expand their reach well beyond their city or state. Trade across international borders has never been more common, even for relatively small companies based in the United States. Whether you are importing goods or considering an acquisition of a foreign company, you are best served by seeking out help from an experienced business attorney.
Attorney Sasha Begum understands how to handle transactions that cross international borders. Before you attempt to expand to another country on your own, reach out to an Austin global trade lawyer right away.
One of the most crucial steps in international business is determining how to structure operations across jurisdictions. Businesses must consider a wide range of factors like foreign ownership restrictions and labor laws in each country where they plan to operate. Choosing the right business structure can dramatically affect an organization’s chances of success.
A global trade attorney based in Austin helps clients design cross-jurisdiction structures tailored to their specific goals. These decisions are rarely straightforward. They require a careful understanding of both U.S. and foreign law, as well as how local rules interact with international treaties and trade agreements. Working with our team gives you the best chance of finding a structure that supports long-term business growth while taking into account any compliance questions.
One of the most common reasons for organizations to seek out legal counsel with international experience is for guidance on mergers or acquisitions. Buying or merging with another business is a major transaction when it occurs between two domestic companies, and it can be especially complex when international organizations are involved.
Your attorney must essentially perform two different layers of due diligence. Not only will they need to be sure your transaction will pass muster under U.S. law, but they must also inspect the deal from the position of the country where the company is located. A deal will only be successful if it can comply with both sets of regulations.
Tax implications should be at the front of your mind during any international transaction. The U.S. has tax treaties with many countries that can reduce these obligations, but companies must take active steps to benefit from these provisions. At the same time, cross-border structures may trigger reporting obligations under the IRS and the Foreign Account Tax Compliance Act, and that says nothing of any requirements put in place by foreign governments.
In addition to tax, regulatory compliance plays a significant role in this process. Importing and exporting goods implicates a maze of customs classifications, tariff obligations, country-of-origin labeling requirements, and export licensing procedures. The consequences to your business can be catastrophic if you fail to comply.
An Austin global trade attorney provides clients with the legal guidance necessary to remain compliant with both domestic and international laws. From advising on customs regulations to preparing documentation for import/export clearance, the right attorney can ensure your company avoids costly missteps. Let our team answer your questions and guide your organization on a global level.
There is a lot that goes into international business transactions, and attempting to navigate them on your own is a major mistake. The team at Begum Peláez-Prada PLLC is ready to help you handle every aspect of your transaction, from merging with a competitor to breaking into new markets.
Our Austin global trade lawyer offers the skill and experience needed to succeed on the world stage. Reach out right away to learn more.
