Per the Tennessee Department of Economic and Community Development, the state is home to 1,000+ foreign-based companies. What if you are a U.S. business owner that wants to do business with a foreign entity? There are many issues that should be considered. Below are five to keep on your radar.
Expanded regulatory landscape
Doing business with foreign companies, you may subject yourself to foreign laws, including, without limitation, laws on data security and privacy, employment, intellectual property and consumer protection. Additionally, you may be faced with more complex tax issues. Consult with legal and tax professionals to ensure that you are maximizing your tax efficiencies.
U.S. sanctions and forced labor
