Will America's Youth Start Going Oversees To Build Businesses?
It’s something we need to consider
In the last several decades I’ve known, or known of, a number of people that came to the US to build careers and wealth to only return to their home country later.
Today I read a Substack article from attorney Anessa Santos -
- where she talks about how finance technology businesses should consider leaving the US.
And I have to say, as you may have picked up in other articles, that smart businesses should consider their non-US options. The US, sadly, has become that regulated and difficult.
So it makes us wonder if it will start to make sense for young entrepreneurs to leave the US, build their businesses, and consider coming back to the US later in their lives (if they still want to).
I predict this will indeed become more common.
Many countries are already offering visas and/or citizenships to those that build businesses in their countries. For reasons I mentioned in prior articles I expect this to only become more common in the future.
The US needs to prepare for the tax and social effects of possibly losing many of the next generation of business leaders to overseas opportunities.
This will change the economy.
If the US doesn’t rethink it’s regulatory landscape and come up with common-sense business-competitive immigration policy the proverbial handwriting is on the wall.
For those of us still in the US market this will change the nature of investing, opportunities and where we go next.
We’ll be talking more about that in future articles so stay subscribed.
And, of course, one opportunity is to join the governmental bandwagon to get what money you can while the US’ competitiveness changes. We’ve covered some of that in past articles and more is coming.
What do you think? Do you agree more of America’s youth may be looking to other places to grow their business?
Shawn
R. Shawn McBride
300 N. Ronald Reagan Blvd., Suite 210
Longwood, Florida 32720
(by appointment only)
Get in touch: https://linktr.ee/ourshawnmcbride
NOTE: While legal issues are discussed this is education and is not legal advice. It is not a substitute for the advice of an attorney. Please consult your own attorney on your situation and to get legal advice about your circumstances. Courts are unpredictable may disagree with the author’s opinions.
Unless expressly stated otherwise statements are the opinions of the author and may or may not come true. Consult your advisors before making or refraining from any actions.
This is a business article by McBride For Business, LLC which is separate from the law firm of The R. Shawn McBride Law Firm, PLLC. McBride For Business, LLC offers business consulting, conference speaking, training and other non-legal services.
This is not financial, legal or investment advice.