Different Laws and Cultures
Ability to handle international transactions is definitely an acquired skill. It is not enough to know the laws of the countries involved. It takes the ability of the law firm to know what resources are needed and how to bring them together to complete the transactions.
It is rather unusual for a small law firm to have the ability to handled international transactions. But, we are an unusual small law firm. And we have represented clients with international business transactions in Asia, Europe, Middle East and South America in all aspects and stages of the transactions including but not limited to setting up and acquiring foreign companies.
We have acquired the skills the hard way - by actually doing it. Along the way, we learned a valuable lesson in how to pull together an effective team of professionals and consultants to assist us with international transactions.
We have also run into formidable obstacles of linguistic and cultural differences and nuances. We certainly have experienced failures. But such failures have only sped up our ability to acquire the necessary skills to handle international transactions.
International transactions are multi-lateral, not just bi-lateral. It would not be unusual for companies to have its headquarters in one country, its legal counsel in another and their distributors in yet another country. It is common to find companies with their headquarters in one country and their subsidiaries in other countries.
Methods of conducting negotiations may be entirely different from what one may be used to in the US. In some countries, there is no ability to escrow funds in a reliable manner. Often, the banking systems of different counties will impact how the transactions are structured, executed and closed. The roles of various professionals are quite different from country to country. The roles of the local taxing authorities also need to be understood to steer clear of potential problems.
Small & Medium Companies
The prevailing view is that international business is not for small and medium size companies. We disagree! And, we are ready to help small and medium size companies thrive in the international business environment. Remember, every large business began as a small business.
The two greatest challenges to the small and medium size businesses in international transactions are (1) not knowing the foreign market and (2) not having the right legal guide in the foreign country. We can assist you! We do not claim to know it all. But, we do have the ability to bring all required resources together to help small and medium size companies.
Many overseas small and medium size companies are inventors and holders of key technologies. Most do not know how to attract foreign investment. We can help US investors to acquire small and medium size companies with key technologies or products. We can help with transfers of technologies back to the US.
Many overseas companies also need the US technologies. Most US companies do not know how to find an overseas partners or protect their interest along the way. We have the experience and the network of resources which will enable US companies to to successfully license or transfer technologies to an overseas company.
We believe in small and medium size companies and they are the greatest assets to any country. There is no need to fret over the size of your business. You just need a clear vision and someone to guide you along as you explore new territories around the world. We will assist you so that you do not have to go it alone.
Consider becoming an international business. It is not necessarily easy but, when done right, will be very rewarding.