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The moral of this story is to incorporate in Singapore or Estonia. Since the US won't let you leave it's better never to enter.
by yummyfajitas 11y ago
The moral of this story is to incorporate in Singapore or Estonia. Since the US won't let you leave it's better never to enter.
- dmurray 11y agoAt what level does this make sense for the HN case of two college grads founding a startup in California? No US lawyer specialising in paperwork for small businesses would tell you "never mind Delaware, you should go offshore!" So what are the short term benefits of being incorporated in the US?
- white-flame 11y agoWhile there are benefits of eager investors, stable (enough) infrastructure, low personal tax rates, etc in the US, in this context it's more that the costs of being in the US are pretty negligible when you're small. There's fixed overheads and lots of additional unfamiliarities in figuring out offshore and multinational business that don't make sense when you're a small startup focusing on developing your product and sales chain. Once you get large, though, the tax differences can start becoming the size of entire departmental budgets.