Generally, when a small U.S. client tells me that they wish to expand abroad, I think to myself, "that’s going to be complicated, time-consuming and expensive."
Recognizing the opportunities and challenges of globalization facing startups and other small businesses, the Wall Street Journal reports that consultants, such as High Street Partners of Annapolis, Maryland, now are advising them on how to expand abroad, such as dealing with tax issues, foreign employee benefits and local-currency transactions.
I think that such consultants, especially for international finance and operations issues, would be a good complement to the advice of an international lawyer.
Source: Small Firms Hire Guides as They Head Abroad, by Phred Dvorak, The Wall Street Journal, November 5, 2007.
