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Really surprised that the UK ranks 16th on 'Starting a Business' and the US ranks 8th. From what I know, it takes a lot longer, costs more, and tends to involve
by jlees 16y ago
Really surprised that the UK ranks 16th on 'Starting a Business' and the US ranks 8th. From what I know, it takes a lot longer, costs more, and tends to involve actual lawyers to open a business in the US. In the UK, I did it all online for £25.
- davidw 16y agoMaybe you're comparing apples to oranges? It's pretty easy/cheap to set up a LLC in most US states on line.
- points 16y agoIt's because they list out "Contact HMRC and register for PAYE" as taking 8 days, and they seem to think you can't actually trade before that's done. Which is idiotic. So the study is pretty inaccurate.
- InclinedPlane 16y agoWhere do you "know" this from? Starting a business is dead simple in the US. Create a Delaware class-C corporation, or one in the state you live in if you prefer (in my case, in the state of Washington, it was just a few online forms and a nominal fee).
- jlees 16y agoBelated reply, my knowledge for the US side is from threads on HN, which have greatly exaggerated the process if it's true that you can do it all online in a few minutes.