
We have learned that many non-US companies, including Baltic businesses, are discouraged from exploiting a robust US marketplace by 10 legal myths than can easily be debunked.
The 10 legal myths are:
- The costs of entry into the US, including the costs of business formation, are very great and, thus, prohibitive.
- Forming a business in the US takes a very long time with too many hurdles to overcome.
- There are so many methods of market entry that it is impossible to know which is best for my company.
- There are too many governmental regulations that will make it very difficult to grow a business in the US.
- If we enter the US we may be jeopardizing our valuable intellectual property.
- The risk of liability and lawsuits relating to our products and/or services is too great.
- The US is very litigious and that is too threatening to a small company like ours.
- The possibility of many employee lawsuits scares us.
- There are no effective ways to control the risks to our business if we come to the US.
- It is almost impossible to locate trusted advisers including reliable and cost-effective lawyers and accountants.
None of these myths is true. And, with careful planning the business risks normally associated with them can be significantly reduced and, often, eliminated.