4 ms·

Can people band together & save money doing the exact same thing?

• 6nf 6y ago
  You could incorporate
  • villgax 6y ago
    But like still be on payroll & ask your OG company to pay this new company instead of you directly, has anyone done that or am I just re-inventing contract work?
• tomcam 6y ago
  They could, by investing in a business. Like Netflix they would reap the rewards of the tax code, which means they would be taking on the same risks. A less risky version of this is stock ownership, or buying an index. Because it’s less risky, potential rewards are lower.
• TuringNYC 6y ago
  Ask any of a thousand startups gone dark -- tons of people try. Many fail. You lose your time and your personal investment. Ask me how I know (hint: 3yr full time co-founder) If you make it somehow, you have the benefit of deducting your R&D against profits, which seems fair to me...Except then people get upset (see comments on this page) that you "aren't paying your fair share of taxes." This seems ludicrous given how many years startups spend burning their own money to hope to reach the point Netflix has reached. Good for Netflix.