When testing the waters of a new market, businesses often anchor themselves by entering into limited liability partnerships (also called LLPs) with local parties. LLPs can reduce investment risks and expansion costs by distributing them between partners, limiting liabilities to the amount of money they’ve invested, and protecting them from loss of assets. This arrangement requires great mutual understanding and trust.
But suppose your new partners and market are from a different country, speak a different language and follow a different set of customs. Would hiring a translation service agency help foster their trust?Read More >