2 ms·
A few guesses: Partick lives in Japan, and mostly does business with US companies. Complying with international tax regulations is probably complex. Are you i
by ufmace 10y ago
A few guesses:
Partick lives in Japan, and mostly does business with US companies. Complying with international tax regulations is probably complex.
Are you incorporated? Do you have any type of business insurance? You can probably get away without much of that stuff if you're running a social bookmarking site, as your customers are very unlikely to ever sue you. If you're handling appointments for medical institutions in the US, being sued is a very real possibility, as is running afoul of legal regulations, and you'd better structure your business properly to handle it. Meaning both knowing exactly what the rules are to stay in compliance with them, and being incorporated and having the right kinds of insurance so that any mistakes or accidents don't bankrupt you personally.
Partick also sold his businesses. If you ever did, it would probably go a lot better to have well-organized finances and tax info set up by a proper accountant. I'm guessing you have no desire to ever do so right now, so it makes sense for you to not bother, just another reason for some of the differences.