Tag Archives: International Business

Common Export Documents for Letters of Credit

Are you confused about all of the documents required for exporting goods under a letter of credit? While letters of credit are the backbone of international trade finance, many importers and exporters don’t fully understand the plethora of documentation involved … Continue reading

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Using Negative Incentives in Outsourcing Agreements to Drive Performance

It’s increasingly necessary to use negative, compensation-reducing mechanisms to prevent vendors from intentional or negligent breach of contract that may damage your company or brand. This is particularly true in international business or contracting for foreign outsourcing services. In foreign … Continue reading

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FATCA: Foreign & International Business Tax Reporting Challenges

Tax filing in 2012 will be different for many taxpayers this year.  The Foreign Account Tax Compliance Act (FATCA) was designed to fight tax evasion by requiring U.S. citizens, residents, and even nonresident taxpayers to report financial assets that are … Continue reading

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Foreign Owned Company EIN Registration: Foreign Owned LLCs & Corporations

A foreign-owned company can often face challenges in obtaining an employer identification number (EIN).  If you are forming an LLC in Texas or incorporating a business in Texas, you must obtain an EIN to make a special IRS tax elections … Continue reading

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Outsourcing Agreements with Positive Incentive Price Structures to Drive Performance

Outsourcing often provides cost efficient ways to procure quality goods and services. Yet, a successful outsourcing agreement must do more than simply lock in a good price or a mere time advantage – it must also provide a company with … Continue reading

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