Karen: This is PKF Texas Entrepreneur’s Playbook, I’m Karen Love, the host and Co-founder. Today I’m here with Frank Landreneau, one of our International Tax Directors and I’d like to welcome Frank back to the Playbook.
Frank: It’s wonderful to be here, thank you Karen.
Karen: Thank you. Well I’m very intrigued by the international business that you live and breathe on a daily basis and I really think the description that you’ve had of this international business life cycle is completely captivating so can you go into that a little bit more for us?
Frank: Absolutely, I’d love to do that. Well one of the things we’ve found when working with entrepreneurial clients here in Houston, particularly manufacturers and distributors, is that their first step is obviously to gain traction and market share here in the U.S. market. After they’ve been very successful in doing that we find that clients want to do more for their business and that typically means exporting their goods to other markets outside the U.S. They do that for a period of time and then we find that once they’ve gained some traction in particular jurisdictions they will often want to set up a more permanent office in that foreign location. So it does tend to migrate into a life cycle of business.
Karen: Well and it sounds like you know about those life cycles and can be of assistance to people in companies that are doing that.
Frank: Exactly. Well for example, one of the things that we do is we help them register in those foreign jurisdictions or set up a company to do business more effectively.
Karen: Wow, so there’s a lot more to it and we need to have you back to hear about that.
Frank: I’d love to do that.
Karen: Thank you. So for other international topics visit PKFTexas.com/InterntionalDesk. This has been another Thought Leader Production brought to you by the PKF Texas Entrepreneur’s Playbook.