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Just to add a side note to my original post: I could move all of my remaining UK business to the US company, just to make use of it, and continue billing throug
by mittermayr 9y ago
Just to add a side note to my original post: I could move all of my remaining UK business to the US company, just to make use of it, and continue billing through it, but that would make things tremendously more complicated for tax-reasons, I think. The original plan was to stop everything UK, and then move everything (possibly including myself) back to the US.
- matt_the_bass 9y agoAre you a US national or permanent resident? Do you plan on having us customers or investors?
- mittermayr 9y agoI have lots of US customers across products, but not exclusively. They're currently all charged via Stripe on behalf of my UK company. Not a US national, still in the UK. Lived/worked in the US for several years in the past though. US investors — that was the plan, but the product fell flat, and the other things I currently run aren't investor-worthy at this scale I think. If a new product comes up and takes off, sure, that'd be an option. But nothing's come up in the past two years, so I am not entirely sure it'll make sense to wait for this.
- matt_the_bass 9y agoOther than potential us investors, why create a us company? For future endeavors, You can always incorporate at the time of raising money
- siegel 9y agoThe issue with that is that he would need to transfer the IP from the UK entity to the US entity, right? And, at that point, that would be a taxable transaction for sure.