Radius | Case Study

Radius Accelerates LiveAction Expansion

© 2017 Radius | +1.888.881.6576 | www.radiusworldwide.com

Ensuring Regulatory Compliance

LiveAction had to concentrate on its core business of software development as it expanded into the UK. LiveAction was looking to quickly expand into the UK while staying compliant with local tax, employment and other regulations. To complicate matters, the Brexit referendum was held during LiveAction’s planning.

How Radius Acted as LiveAction’s Trusted Advisor

LiveAction turned to Radius to support its UK-expansion options based on its business objectives, planned activities and evolving UK regulations, including those related to Brexit. Radius outlined various practical options, including the potential risks and benefits of each.

LiveAction reviewed Radius’ recommendations and moved forward with establishing a UK subsidiary to support the planned office. A subsidiary legal-entity type would minimize the company’s compliance risks while maximizing its flexibility. If LiveAction chooses to further expand and open offices elsewhere in Europe, the structure Radius prepared will support that strategy.

ABOUT LIVEACTION

INDUSTRYSoftware

COUNTRYUnited Kingdom

LiveAction is a fast-growing, venture-backed software company based in Palo Alto, California. In 2016, LiveAction engaged Radius to get information and recommendations about formally establishing a UK office for a growing business serving Europe, the Middle East and Africa.

RADIUS DELIVERS VALUABLE INSIGHT FOR EUROPEAN GROWTH PLANS

© 2017 Radius | +1.888.881.6576 | www.radiusworldwide.com

Radius established the UK subsidiary, opened a UK bank account and completed payroll registrations in the UK so LiveAction could pay its new employees while meeting its tax and social security obligations. Radius also assists LiveAction’s finance department in the preparation of financial statements and required disclosures for the subsidiary to ensure compliance with local financial reporting standards.

Continued Growth and Support

Radius continues to run payroll for LiveAction in the UK. Radius also completes and files LiveAction’s corporate taxes and performs other recurring back-office services to ensure LiveAction operates in an efficient and legally compliant manner.

In addition, Radius provides LiveAction with ongoing, authoritative advice related to the UK’s and the EU’s evolving regulations. LiveAction is able to make important global strategic decisions based on known regulatory risks, significantly reducing uncertainty.

Radius | Case Study

LIVEACTION’S TAKE

“Radius gives us the agility we need as we make strategic decisions to enter new markets. Once we decide to go, Radius is prepared to streamline the process and ensure our successful entry.”

Ingo Bednarz General Counsel & Corporate Secretary, LiveAction

About Radius Radius helps companies expand and win globally. Clients from startups to larger multinationals take advantage of Radius’ international accounting, finance, banking, tax, HR, legal and compliance support to simplify their core operations, reduce their risk exposure and improve the management and control of their overseas businesses.

Radius delivers support and expertise through managed services, advisory services and OverseasConnect, our integrated cloud-based collaborative platform, to create solutions that meet the needs of over 650 clients operating in 110 countries around the world. Headquartered in Boston with offices in the UK, Brazil, China, India, Japan and Singapore, we are the global growth experts. For more information, please visit www.radiusworldwide.com.

“A company new to international expansion should understand the benefits and drawbacks of all the legal-entity options available in their target country, not just the most commonly established ones. It’s true that some entity types and related challenges will be less well-known than others, but an expert will be able to guide you through virtually any compliance challenge.”

Bill Kirwan Vice President, Advisory, Radius

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