Learn How an International Business Lawyer Can Be an Asset in Times of Financial Planning

Working with an international business lawyer may be the easiest way to protect your assets and investments, even if you're not currently trying to start a business in a foreign country.

Many advantageous investment structures and financial products are much more accessible when enacted under the purveyance of a formal corporate entity, and experienced attorneys can facilitate the steps needed to get things started correctly.

More Intelligent Private Investing

Many investors try to protect their assets by taking advantage of laws in foreign locations, but even the most beneficial regulations have their limitations. While countries such as Belize and the Cayman Islands protect international businesses with specific laws, not every business organization is eligible. When formed correctly with the assistance of an experienced attorney, however, international business companies can be incorporated in one or two days without the investor even having to appoint a local agent.

An international business lawyer can also help you maintain regulatory compliance by ensuring that you file your taxes and report your assets correctly. While certain forms of trusts and estates may not require reporting under current IRS mandates, these regulations are continually being updated. Having an international business lawyer in your corner who stays abreast of the rules is the easiest way to avoid increased attention from bodies such as the SEC or the IRS.

Moving Firms Offshore

A wide range of labor opportunities and business-friendly tax laws in other nations also motivate many business owners to take their U.S.-based operations elsewhere for good. This process is often dependent on market fluctuations and local conditions, meaning that moves work best when they're accomplished in a timely fashion. Legal counsel is essential to preventing show-stopping technical hang-ups.

Business lawyers with knowledge about international, particularly regional, legislative variances can greatly facilitate a business owner’s effort to take their companies to new horizons, both literally and figuratively. Lawyers can help deal with things such as setting up new accounts so that their owners can take advantage of specific laws. They also ensure that international business deals and mergers work out to the maximum benefit of the organizations involved, making continued profitability far more likely.

Creating a Safer Safety Net

Many investors pick an international business lawyer because they're experienced at helping protect assets for future use. Offshore asset protection is a common practice, but not all forms of property are protected from seizure by governments or creditors, and the rules vary greatly depending on where the property is held. Tedious though they may be, such nuances play a huge role in determining whether your asset protection strategies will prove effective.

In addition to helping you protect your current assets better, asset protection attorneys can help you create a plan for safeguarding your future assets and setting up trusts or estates that will benefit your family after you're gone.

IRS Circular 230 Notice: The Statements contained herein are not intended to and do not constitute an opinion as to any tax or other matter. They are not intended or written to be used, and may not be relied upon, by you or any other person for the purpose of avoiding penalties that may be imposed under any U.S. Federal tax laws or otherwise.