OUR THOUGHTS ON:

Is China Right For You?

International|Marketing

By Karlye Rowles

Russell Brown, managing partner of LehmanBrown, a China-based accounting firm, recently spoke at Schneider Downs’ Doing Business in China seminar. Brown is a UK expat who has lived and worked in China for more than 18 years, and has helped a number of businesses establish a presence in China.

Brown talked about the risks of doing business in China and dispelled some myths. His presentation covered accounting and tax considerations, labor laws and business structure. Brown also offered some strategies and insights about doing business in China, including:

  1. Register your brand or trademark before entering China.
  2. The Chinese value premium products and will pay a premium price for them.
  3. Find your geographic niche in China.
  4. Environment, technology and healthcare are areas of growth and opportunity.
  5. Bribes, faulty products and no legal protections are all myths.

Brown closed his presentation by passing out stuffed animal snakes to the seminar attendees. The significance of the gift: 2013 is the year of the snake in China. LehmanBrown is known for its stuffed animal gifts, and for the last several years has handed out a logoed stuffed animal that represents the year of the Chinese calendar.

If you are thinking about expanding your business to China or another country, please contact Schneider Downs. Members of our SD Global Services Team are available to assist you.

© 2013 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person, any tax related matter.

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The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2018 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

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