SMART PEOPLE use the talents and experience of other SMART PEOPLE to give themselves every possible chance of a successful outcome to the task at hand. Would you have a complicated medical or dental procedure done by a classical musician or a barista? OF COURSE NOT! That person might be the greatest violinist in the world, or might make the most delicious specialty coffee of all time, but you would never have them perform your heart bypass surgery. Why should it be any different in the international business world?
Most business leaders are not experts in the many social, governmental, economic and legal aspects of cross-border business transactions. Expertise in all of these areas is essential in identifying and developing new markets in foreign countries. Even the most experienced and sophisticated business leaders in the world regularly use cross-border consultants to provide crucial planning advice and development guidance.
When investing across borders, it is critical to work with a trusted advisory firm that is able to:
Complicated business issues such as choosing the most advantageous business structure, understanding home and abroad tax issues, and evaluating crucial legal and immigration business factors all require professional and experienced guidance. The right international business consultant can focus on the red tape, rules and regulations that are integral components of business success, and free you and your managers up to RUN YOUR BUSINESS and/or MANAGE YOUR CROSS-BORDER REAL ESTATE INVESTMENT PORTFOLIO!
Article Series by Lauren Cohen, Cross-Border Lawyer & Real Estate Expert
Investing Across Borders powered by e-Council Inc.’s website, newsletter and other forms of communication contain general information about legal matters. The information is not legal advice and should not be treated as such. You must not rely on the information on this website as an alternative to legal advice from your attorney or other professional legal services provider. If you have any specific questions about any legal matter, you should consult your attorney or other professional legal services provider.
When you flip houses, you are not usually intending to live in the house; rather the strategy is to sell the property as fast as you can so as to avoid paying taxes and other expenses on the property. While there will obviously be initial costs that you will need to budget for, house flipping can be done with few resources and little experience.
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If you’re a newer house flipper, you have probably heard about the 70 percent rule. Here’s your guide to the investing rule that can prevent you from spending too much money on an investment.
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