Conducting Buinsess Overseas

The Legal and good Environment of Business 11/12/12 Phase 5 Individual Project prof Ivy When conducting bank line overseas it is important to know the legitimate regulations (N/A, N/A) which should be considered as the first eccentric of the chore plan. One should do their research about how business is handled to avoid misappropriated activities that unity whitethorn not be aw ar of. Some of the regulations atomic number 18 permits, licenses, requirements, documentation, and laws that apply in that country.There atomic number 18 laws for importing merchandise into an other country so therefore unity mustiness lay off with roughone who specialize in that field of study of laws. As an importer one must give customs a exonerate report on the delivery of goods. On December 8, 1993 the Customs modernisation Act was put into office staff in golf-club to shift legal responsibility (N/A, N/A) from Customs to the importer for declaring, among other things, the value, cla ssification, and rate of duty relevant to entered merchandise. Importers should use sound care when complying with Customs requirements in order to fulfill their duties as importers.As makeer of Customs they strongly enforce requirements from other agencies which include Environmental Protection Agency, the Drug Enforcement Agency, and the Food and Drug Administration. every(prenominal) of these agencies are included to make sure goods passes safety requirements before whatever goods are trade into another country. If it is determined that an importer fail to use reasonable care they could face monetary penalties for not keep uping laws. Any telephoner that has large import activity should take up satisfactory procedures in place in order to make sure theyre in obligingness with Custom laws.M any importers use Customs Broker (N/A, N/A) to handle their files for them. These agencies are licensed by Customs to deal with files for importers. As an importer there is item doc umentation requirements needed before any goods drive out be imported into another country. So therefore, importers use Custom Brokers to gather and file tot altogethery(a) of the necessary documents for importing the goods. Importers are still responsible for fol woefuling only rules under the Mod Act. If these laws are broken they can be held apt(p) for criminal or civil penalties under the Mod Act.Criminal Penalties can be defined as anyone who gives false information to Customs officers. Anyone who is in violation of this statue could face two years imprisonment, fines, or possible both for whole violation that were related to importation. Civil penalties can be defined as anyone who provide fraud through the use of gross negligence or transmit false data which relates to any duplicitous activities. As part of Customs authority they can seize merchandise to get fee for the violation. As part of doing business oversees one will deal with merchandiseers.Exporter duties ( N/A, N/A) include fashioning sure that it is legal to export merchandise from unify States to another country. They are also responsible to make sure that all required documentation are in order and filed to proper agency. to begin with exporting any product one should be sure to check for licenses and other documentation needed to export products. There are true laws that apply to exporters which include laws much(prenominal) as anti-boycott laws, the Export Administration Regulations, and stinting sanctions.When determining whether or not a license is needed for export the appropriate authority checks for the products classification, end-user, and end-use. It is also important that one should know about Free Trade Agreements. Free Trade Agreements (N/A, 2010) is cognize to be one of the best opportunities to expand the foreign commercialise to the joined States. Part of the Free Trade Agreement is to reduce barriers to United States exports which foster the United States i nterests. This law makes it easier and less expensive for U. S. ompanies to export their goods to trading market partners. So therefore, we could use this to our advantage as a accompany to export goods to from and to other countries. The honourable code of conduct (N/A, Sigue Corp. , 2012) for employees and vendors is to ensure strong ethical principles govern prevent conflicts that might occur between the employees and vendors. entirely employees and vendors must abide by the companys ethical code of conduct. In order for the code of conduct to be enforced each employee or vendor must report any conflicts that relates to the companys welfare.As part of the companys policy we are responsible for keeping customers, employees, and vendors satisfy with the services provided from this company. So therefore, we required our employees to arrest a high level professional standard while conducting business in our company. Employees should keep all information confidential about Compan y, customers, employees, agents, and vendors. If any employee has an issue we encourage them to claver with someone such supervisor, management, or anyone else in a higher office about any problems they may encounter.If employees or vendor are found to be in violation of Code of conduct will be investigated and immediately terminated. As part of the Companys policies we report any unlawful conduct to the appropriate agency. This company doesnt tolerate fraudulent behavior, dishonest, theft, embezzlement, threats, or any other inappropriate behavior. Legal and ethical guidelines (Phillips, 2012) are important in all businesses because they are part of laws that shall be followed. All businesses should surrender ethical guidelines that they should abide by in order to maintain laws which are enforceable by the state and government.If a business fails to follow guidelines and laws they could be punish or penalized by local laws that werent followed. Ethical guidelines is used to pro tect employees from being unpaid by enforcing laws for wages and hours worked. These laws are put in place to avoid businesses from not treating employees fairly such as not paying them for the hours worked or overtime. When distinguishing between right and defective in business dealings (Merchant, 2006-2012) one must consider is the consummation true and how it will affect the business.They should also take into consideration whether or not the finish is fair to all parties involved. Another question one should ask is will the decision benefit the end of people that have invested in this dealing. After thinking about the outcome of all decision it is important that you chose the action that is legal in order to avoid illegal behavior that will lead to punishment of some type. The punishment could exit in termination, fines, or imprisonment depending on what type of wrong behaviour one has committed.So therefore, when hiring employees one should make sure they are capable of making the right decision that will have a positive outcome for the company. As part of ethical conduct one must be capable of deciding what is right and what is wrong in order to have a good foundation in ethics. Making the right choices in a company could result in the company being palmy and kept out of the public eye for unethical behavior. This type of behavior has prompted such an increase in these types of legal and ethical violations (Richard Mauer & Anna M. Tinsley, 2010) because they arent being handled appropriate.Many companies arent punished to the full extent because they have power and property to get them out of that situation. When other companies see that another company has gotten absent breaking the law they think that they can away with it too. Ethical violations are increasing because many companies forget about them and want to get the muse done in a short time with a low cost. Many companies in todays society dont have morals and good values so this makes it difficult to physical exercise ethical guidelines for companies. If all companies enforced good ethical behavioral some of the unethical violation could be reduced.This could lead to a more in(predicate) reliable business that more people will liveliness palmy with. My opinion regarding the impact of the ethical implications (N/A, 2005-2012) and violations on the business itself from the perspective of the consumer is that this company follows rules and regulation to avoid illegal behavior. Some companies seem to think that they can get away with doing things that are not legal and that they wont be caught. If the court keeps ordering them to pay fines and put them on probation they may not recognize what the consequences are.So I think they should lose money in order to realize that this type of behavior is unacceptable. So therefore, the company should be shut down until everything is corrected. I feel by them paying isnt enough because they have billions of dollars and mo ney isnt a problem. Investors may feel that this company is reliable for their actions and may not want to do business with them. The reason why investors may not want to do business with them is because they have a history of illegal and unethical behavior that may cause investors to lose money.