What LatAm Business Owners Should Know About Doing Business in the U.S. with Gabriela Smith
Welcome to “The Law Spot” – the podcast that breaks down the complexities of all things law and informs listeners on trending legal topics. In this episode, your host Melissa Gray speaks to Gabriela Smith, International Business Attorney, and dive into common business law myths in the United States and how they differ from the reality of doing business in Latin America.Gabriela discusses the differences between U.S. and Latin American companies, and how U.S. lawyers can make Latin American clients comfortable engaging with them. Gabriela then debunks common myths about doing business in the US, starting with the belief that it’s difficult to form or run a company in the United States. They also address the misconception that non-American shareholders cannot form a US company and the belief that non-citizens or residents cannot sign American business contracts.The episode also delves into real-world examples of why boundaries are important in business negotiations and the steps that need to be taken to set up a company correctly, including having agreements in writing and understanding minority ownership rights.Gabriela and Melissa also discuss non-compete clauses in contracts and how they can impact future business opportunities. They emphasize the importance of understanding these clauses, what they entail, and how they may restrict business operations.To learn more about these topics and how to navigate the complexities of business law in Latin America and the United States, tune in to “The Law Spot.” You can reach Gabriela directly at her firm’s website, www.gnslawpllc.com, or email her at info@gnslawpllc.com.