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Today more than any other time in history, the marketplace is global. Whether you plan to purchase an international company or expand your current business to reach an international market, the legal complexities expand with each country your business touches. With language, currency, political stability, and jurisdictional laws as complicating factors, an attorney with international business law expertise can bring order out of chaos, allowing you to make informed business decisions.
Product-Based Businesses
A Los Angeles business attorney can determine if the international business you wish to acquire complies with international Incoterms for production and product delivery. International business attorneys are proficient in tariff and international trading procedures. Using the General Agreement on Tariffs and Trade (GATT) as one tool, international attorneys assess the viability of the business you wish to purchase or the expansion of your current business to meet international standards.
Service-Based Businesses
Service-based businesses can deliver international services in four different ways: (1) service provider travels to customer’s country to provide the service; (2) service provider establishes an office in another country; (3) service provider uses the Internet to provide cross-border services; and (4) the international traveler or customer comes to the service provider’s country to purchase services. Each method of providing services must adhere to specific international laws and guidelines as detailed in the World Trade Organization’s General Agreement on Trade and Services (GATS).
While it’s possible for an individual to navigate the treacherous waters of international business acquisition and trade alone, it is time consuming and mistakes are costly. An international business attorney will save you time, and save you money as well.
