Global Summit

10/01/15 Last week, at Withum Smith & Brown’s 2015 Global Summit in NYC, we heard Arnold Chr. Stange, an international tax and legal partner with HLB Stückmann in Germany talk about the driver of the German Export Market (2nd largest in the world). The driving force is not the large international companies but the SME’s. Those Small and Medium Enterprises with sales ranging between EUR 20 and 200M, are generally family owned, which means management and majority shareholder are the same. These same size companies in the US are not actively exporting but sell primarily in North America. Perhaps this is an area for growth that American SME’s should consider. And looking at the SME’s success in Germany is a good place to start.

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