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:
- Register your brand or trademark before entering China.
- The Chinese value premium products and will pay a premium price for them.
- Find your geographic niche in China.
- Environment, technology and healthcare are areas of growth and opportunity.
- 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.
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