Nonprofits shouldn’t venture abroad without a map

If your not-for-profit is considering soliciting donations, recruiting members or selling products in foreign countries, know that such activities can raise tax and legal issues. Be sure to research the country’s relevant laws and regulations. If the country isn’t a party to a free trade agreement with the United States, high tariffs might prove an obstacle. A cultural advisory committee that includes expatriates can help you develop further insights into your new market. Finally, don’t discount the potential impact of currency exchange rates. Contact us to discuss the tax and financial implications of your plans.