Automobile & Truck Dealerships

Our dedicated team serves the unique needs of small- to medium-sized, privately-held automobile and truck dealerships.

Learn more
Auto Dealership

Professional Services

We have the experience and expertise needed to help address many of the operational and financial challenges faced by professional service firms. We also partner with attorneys to provide a range of value added services designed to help them serve their clients.

Learn more
Professional Services

Manufacturing & Distribution

We assist a broad range of manufacturing and distribution entities with their unique financial requirements. We maintain the highest quality standards in our compliance work and focus on bottom line results, strategic planning, and asset protection.

Learn more
Manufacturing & Distribution

International Services

Our team of international consultants, tax professionals, and accountants have helped clients from over 30 countries expand into the US. We have also helped numerous US businesses expand outside our borders.

Learn more
International Services
Forms reviewed with magnifying glass

Tax Planning & Consulting, State & Local Tax, Estates, Gifts, and Trusts, and more...

Forms reviewed with magnifying glass
Calculator buttons

Audits, Reviews, Compilations, Bookkeeping & Payroll, and more...

Calculator buttons
Man writing a note

Business Advisory Services, Mergers & Acquistions, Commercial Lease Negotiation, and more...

Man writing a note
Computer screen with graphs

Learn More about Michael Silver & Company CPA's business valuation services.

Computer screen with graphs

International

The United States is part of a vast global marketplace, and the largest American companies must conduct business throughout the world in order to grow and become more profitable. In the 21st century, as a result of this increased globalization, even the smallest of companies cannot afford to miss out on the opportunities nor ignore the associated challenges.

Whatever your company’s size, Michael Silver & Company CPAs can assist with your international business needs. We can deliver inbound services for international businesses looking to enter the US, as well as outbound resources for US businesses that are planning to expand abroad.

Over the past 20 years, we’ve worked with clients, based in over 25 countries, to successfully negotiate and enter the complex and unique US market. We provide accounting and audit, tax, and consulting services to our international clients, taking their unique cultural differences and specific business requirements into consideration. While our office is located in Chicago, we are able to deliver our full range of services across the US.

Getting Started with Michael Silver & Company CPAs

Our International services begin with an initial complimentary consultation, in order to become more familiar with your specific challenges and the unique requirements of your organization. Not only does this provide you with the opportunity to get better acquainted with our expertise and range of services, but it also provides us with the benefits of getting to know you better, so we can help point you in the right direction.

Our broad variety of local contacts and resources are hand-selected, so we can assist our clients in addressing the vast range of challenges attached to the US market. Making these types of recommendations and referrals is just one critical element of how we help get you started. For example, our team of professionals is positioned to provide resources that can assist you with:

Banking and Investments

Strategic Business Planning

Do you have a business plan? Have you answered the question: what is our ‘unique competitive advantage’? Michael Silver & Company CPAs can guide you in ensuring your approach to the U.S. market is realistic.

Information Technology

Insurance

Legal Representation

The need for legal guidance and advice in the U.S. business market is critical. Michael Silver & Company CPAs can provide qualified international law firm referrals.

Marketing

Real Estate

Tax

Establishing the right business structure is paramount and will help minimize your tax liabilities. Michael Silver & Company CPAs can, for example, address questions related to business entity type, who should own the company, and the timing of your fiscal year end. In addition to federal income taxes, payroll related taxes, sales taxes, and state income taxes are also areas where we can provide advice and guidance.

Warehousing and Distribution

After the initial complimentary consultation, we provide you with a written engagement letter outlining the scope of work in detail, along with the associated fees, for your review and approval before our services commence.

Transfer Pricing Podcasts with Steve Handler

Establishing a Business in the US

Internationally-based business owners typically perceive the US as a fertile market, offering them the opportunity to expand their business’ international reach. However, these same business owners are often surprised at the complications and high costs associated with doing business in North America.

While it is true that the US can deliver one the world’s most profitable purchasing populations, the market is enormous. So large, in fact, that even many resident businesses view their home market as particularly elusive. For example, US marketing and promotional costs tend to be one of a business owner’s most expensive propositions. Additionally, non-US based business owners that hope to reach this larger market often don’t allocate sufficient capital or resources to firmly establish their US operations. Typically, business start-up costs can be twice as much as anticipated (as a rule of thumb, multiply the perceived start-up timelines by two).

Business owners can take steps to avoid many of the pitfalls commonly associated with entering US markets by taking advantage of the advice and guidance outlined in Michael Silver & Company CPAs’ international New Business Checklist, as well as ensure that they are working with the best accounting, tax, and consulting professionals. These recommendations are designed to assist business owners in better understanding what they can expect in the US, and help put them on a path to successfully expanding and growing their non-US based business.

The greater Chicago area where Michael Silver & Company is headquartered

Our Kind of Town, Chicago Is!

Chicago is the headquarters or primary location for many of the world’s most successful international businesses. In addition to having one of the most accessible international airports, Chicago is proud of its highly educated and skilled workforce, expansive financial services industry sector, top-rated colleges and universities, and its broad variety of entertainment facilities and cultural institutions.

In addition to Michael Silver & Company CPAs’ wealth of experience doing business in and around the Greater Chicagoland area, our International Services team can provide resources related to any US state or city that you may be interested in considering for your business’ expansion plans. If you would like to learn more about locating in Chicago, please do not hesitate to contact us [or visit www.invest-in-usa.org/us-states-in-europe/illinois or www.illinoisbiz.biz].

Silver Advantage Articles
Contact Us To Learn More

Top of Page