Reference no: EM132291982
African Art Traditions, Ltd. (“Traditions”) is a long-established, family-owned company organized and operated in a West African country to purchase art objects produced by artists and craftsmen in West Africa and sell them to tourists visiting the country. Traditions has never sold such objects in the United States. However, the scion of the family has recently returned to the home office of Traditions after completing study in the United States that included courses in sales and marketing. He has convinced his family that West African art could generate big volume sales at substantial profit in many of the more chic stores in the United States.
Members of the family have invited U.S. department store buyers to the home office to discuss the potential market for West African art in the United States. As a result of these discussions, the family has determined to start exporting art to the United States, aiming at substantial sales to a limited number of stores (20 or 25). They are considering a number of possibilities:
(a) Have no representation in the United States. Sell only to U.S. department store buyers who visit the home office or other countries in the region where Traditions has agents. In addition, sell to U.S. buyers who order by phone, fax, mail or on the Internet.
(b) Have a Traditions officer visit the United States annually for 3 or 4 months to travel throughout the country promoting and selling the art to department stores and accepting orders, which would be forwarded for approval to the Traditions home office. Traditions would have no warehouse, office or other fixed place of business in the United States. Art would be shipped from the home office directly to the customer.
(c) Have a permanent sales office, but no warehouse, in the United States staffed with Traditions personnel. Art objects would be shipped from the home office directly to the customer.
(d) Have Traditions set up no sales office in the United States, but retain under contract an independent sales agent that has a U.S. office and employees who will organize marketing efforts and conduct sales campaigns in the United States.
(e) Authorize an independent sales agent, in addition to the activities described in part (d), above, to solicit, negotiate and accept orders for art in the name and behalf of Traditions.
(f) Have Traditions establish a shop on Fifth Avenue in New York that would maintain a modest inventory. The shop would sell directly to customers in certain Central and South American countries and accept orders from customers in Asian countries that would be forwarded to and filled by shipments directly from the home office to the customers. All sales would be under commercial terms prescribed by the home office.
Traditions would much prefer to operate under method a, but business exigencies may dictate the use of one of the other methods. In each case consider whither it matters to your analysis if title to the art objects passes outside or within the United States. You have been retained primarily to offer U.S. tax advice? The only income taxes imposed in Traditions' home country are on oil production and mining. The family erosion and would like to keep it that way. How do you advise them? For each case senario?
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