LogRhythm provides the hardware and software necessary to log and manage computer network events on an enterprise-wide basis. Their solution empowers organizations to comply with regulations, secure their networks with confidence, and optimize their IT operations.
Whether safeguarding customer credit card data, personal healthcare information or corporate financial reporting, LogRhythm enables corporations and government agencies to comply with network regulations, and gain valuable insights into security and performance within their network infrastructure.
When LogRythm was ready to expand to the United Kingdom, The Dyer Partnership formed the subsidiary and registered them with the appropriate tax offices and other agencies. They also introduced LogRhythm management to insurance brokers and attorneys, and advised them on setting up intercompany transactions.
Under the supervision of The Dyer Partnership, the UK office of LogRhythm runs at a steady rhythm, without unexpected interruptions in the course of daily business events. Bills are paid, payroll maintained and everything remains in compliance.
The Dyer Partnership’s assistance, however, goes well beyond merely maintaining day-to-day business activities. They are often instrumental in helping their clients navigate the cultural and structural intricacies of doing business in a foreign country. For example, because LogRhythm needed to import computer hardware components into the United Kingdom, The Dyer Partnership assisted in two very important ways.
First, they worked with the company and their air freight agents to expedite the VAT registration. Setting up VAT registration requires about four to five weeks in the normal course of business. Because The Dyer Partnership rolled up their sleeves and proactively sought solutions, they were able to fast track the VAT registration in only two to three weeks, putting processes in place that allowed LogRhythm to supply goods to their customers as quickly as possible.
In addition, by understanding the details of UK tax code, Mark Dyer also assisted LogRhythm in significantly increasing their cash flow. By advising them to pay only the VAT on the hardware when importing it into the country, then paying the tax on the rest of the value-add when it was sold to the customer, LogRhythm conserved their working capital while still paying the same amount required by the British government.
Mark Vellequette, CFO of LogRythm is particularly impressed with the care Mark Dyer shows by regularly visiting him in their Boulder, Colorado headquarters. He comments:
