Going global: Three keys to expanding business internationally
Overview
It’s a small business world – and getting smaller every day, which opens up new pathways to global expansion. Indeed, mid-sized companies are more and more frequently finding that international trade is a critical component for growth. Launching a foreign presence invites a heavy dose of risk. Forethought, planning, and an understanding of the local environment can help improve the odds substantially. Business owners should consider three crucial elements as they look for international opportunities:
- Corporate structure and tax law
- Labor laws
- IP protection