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I have pondered this question for a while too. Obviously it is easier for YC to manage its founders and investments if they all embrace a common legal framewor
by Lordarminius 10y ago
I have pondered this question for a while too.
Obviously it is easier for YC to manage its founders and investments if they all embrace a common legal framework.
Being a YC company does not necessarily mean your operations are based in the US, only that you incorporate there.
To respond to some of your questions:
> The president has undermined the rule of law....
My understanding is that the actions of the president or any other official can be successfully challenged in court. He doesn't have the last word
> Immigration policy - you would find it increasingly difficult to recruit foreign staff and could be stigmatised for hiring from outside the US
Not an issue if you operate outside the US. If you operate within the US, you deal with them the same way as your peers.
> Pressure to be an 'all American company' ...
Same answer as stated above
> Risk of war with the world
Nobody is going to war anytime soon.
Trump is a fan of theatrics. As recent events have shown, more mature counsel will have its say.
But on a related note, I have always wondered - how do taxes work for YC companies incorporated in the US with operations abroad? Do they pay taxes both countries? This must impact their profitability and chances for survival in their growth stage
- eelliott 10y agoHi Lordrminius, In respect of the first point, while you say the President doesn't have the "last word", there were for example indications of US Customs officials ignoring court orders presumably on the instruction of the white house during the immigration order debacle.
- Lordarminius 10y agoThat was an isolated incident and not by any means the norm. The US government will find ways to 'f' your company over if they so desire, but it will not usually be so crudely executed. (I'm not a fan of US incorporation by the way)