In an increasingly global economy, many businesses find themselves engaged in international business transactions, whether through manufacturing, hiring, importing and exporting, or simply conducting one transaction with a foreign company. The attorneys at Whitcomb Law, P.C. provide legal representation and advice to companies of all sizes who are engaged in international business on an ongoing or single transaction basis.
Whether you operate a U.S. company doing business in a foreign country, a foreign company doing business in the U.S., or a company operating across multiple countries, you should be concerned with taxes. Failure to conduct tax planning and comply with national and international tax regulations can result in losing a larger amount of your revenue than necessary to taxes, as well as possible monetary and even criminal penalties. Conversely, investing in legal representation to assist you in developing a thought out and compliant tax plan can save your company substantial money and time down the line.
International trade generally incorporates the sale of goods and services across international borders, as well as the investment or trading of funds across such borders. International trade is governed by a complex web of laws from multiple jurisdictions, treaties, trade agreements, and governing organizations, all of which add a layer of complexity to business negotiations and transactions. Which laws apply to your company depends on a number of factors, including the industry in which you conduct business and the countries from where you operate.
The international business attorneys at Whitcomb law can assist you in drafting and reviewing international business contracts, advise you as to which laws are applicable to your business, and help you take advantage of laws that may have a positive financial impact on your business.
Intellectual property (“IP”) refers to property created by the mind or intellect; for example, a song, invention, or work of art are all considered intellectual property. The three main areas of intellectual property that receive legal protection are patents, trademarks, and copyrights.
Many business owners incorrectly assume that if they are not in a creative industry or an inventor, IP laws are not relevant to them. This is incorrect. Intellectual property laws impact every single business. For example, if your company’s name has been registered as a valid trademark by another entity, you might not be able to continue using it and could be subject to suit if you do.
Understanding the impact of IP law becomes even more important if you are operating internationally. Different countries have different levels of protection, which should be considered before you decide to do business in a particular country. Additionally, the relationships between the laws of and treaties between different countries dictate the requirements to protect your IP across international borders.
Law is complicated, and international law is no exception. Let the attorneys at Whitcomb Law, P.C. guide you through the waters of international business transactions and help you take advantage of the opportunities that doing business international can bring.