It seems that even small businesses are not immune to the global nature of today’s economy. Whether your company provides a product or service, there is a strong chance that you will encounter the need to transact business internationally. While this could be a very positive development for your business, you also need to make sure that you are prepared to handle the security risks and liability that accompany international banking transactions. Having a great accountant is a good place to start, but you may also need legal representation.
Heightened Scrutiny of Offshore Accounts
The government is engaged in heavy monitoring of any offshore accounts because it has become evident that international accounts are costing the government millions in tax revenue. Even if you are set up with a competent accountant, you still need to be aware of the legal challenges of banking internationally. To make sure that you are complying with all U.S. laws and regulations, it is recommended that you engage a trusted business attorney to provide guidance on your transactions.
Protecting Your Business in International Banking
If you want to make sure that your business is ready for all of the security risks and liability that comes with international banking, contact Lynne Bolduc, at the law firm of FitzGerald Yap Kreditor LLP. Call us at (949) 788-8900 to schedule a confidential consultation for your business at any time.
Avoid Legal Obstacles by Contacting an Irvine Business Attorney
We take great pride in serving the business community of Orange County, California and invest the time and resources necessary in understanding how we can best help you achieve your business goals. No matter the industry or size of your business, we are ready to provide the legal assistance you need to keep growing your company and avoiding legal obstacles.