Professional Corporation
U.S.–Korea CPA Firm
U.S. Market Entry, Accounting & Tax
for Korean Companies
Dow & Sohn CPAs provides U.S. entity formation, accounting, tax and financial reporting services for Korean companies and their U.S. subsidiaries. Together with Opus Advisors in Seoul, we support international tax, transfer pricing, U.S. GAAP/K-IFRS conversion and reporting to Korean headquarters.
01 · Establish
Build the foundation for U.S. entry.
Start with entity formation, tax registration, and accounting setup.
U.S. Market Entry
U.S. entity formation · Accounting setup · Tax registration
Expatriate Assignments & Tax Filing
Tax planning for expatriate assignments · U.S. tax returns · U.S.–Korea income reporting
02 · Operate
Support U.S. accounting, tax, and reporting to Korean headquarters.
Support international tax, intercompany transactions, and financial reporting under U.S. and Korean accounting standards.
Accounting & Financial Reporting
U.S. GAAP · K-IFRS conversion · Consolidation reporting packages
Transfer Pricing
Intercompany transactions · Transfer pricing studies · Policy development · Documentation
International Tax
U.S.–Korea international tax · U.S. subsidiary tax compliance · Cross-border transaction tax review
03 · Manage
Understand the numbers behind business decisions.
From budgets and cash flow to financial statement reviews.
Outsourced CFO
Management reporting · Budgeting and forecasting · Cash flow · KPI analysis
Selected Cross-Border Experience
Practical experience supporting Korean companies and their U.S. operations.
K-Beauty U.S. Market Entry
We advised a Korean beauty company entering the U.S. through e-commerce and retail channels on its U.S. entity structure. Our work separated revenue and expenses by sales channel and supported accounting and tax registrations for local sales.
U.S. Operations for a Korean Technology Company
We organized accounting categories so a Korean IT company’s U.S. subsidiary could track costs by R&D and engineering project. We also developed intercompany transaction procedures and assisted with U.S. GAAP and K-IFRS reporting.
U.S. Expansion for a Korean Franchise Brand
For a Korean brand preparing to franchise in the U.S., we reviewed royalty settlement procedures and franchise fee revenue recognition. Our work included financial reporting for FDD preparation and accounting support for franchise operations.
U.S. Subsidiary Reporting to Korean Headquarters
We reflected U.S. GAAP-to-K-IFRS differences in the U.S. subsidiary’s monthly closing data for consolidation by its Korean headquarters. We reconciled intercompany balances and coordinated with transfer pricing reviews to prepare the headquarters reporting package.
Selected Clients
We also work with many other clients across a wide range of industries.
Your U.S.–Korea team
Meet Our Leadership
Managing Partner · Los Angeles
Peter M. Sohn, CPA
Supporting Korean companies with U.S. market entry and operations, international tax, and financial reporting.
Director · Korean Operations
Aiden Bak, CPA
Supporting U.S.–Korea individual tax, transfer pricing, and U.S. GAAP–K-IFRS conversion.
INSIGHTS
