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I did YC startup school (twice, actually), and one of the first courses was about the legal aspects of setting up your company. The talk basically said "just re
by LeonM 6y ago
I did YC startup school (twice, actually), and one of the first courses was about the legal aspects of setting up your company. The talk basically said "just register in Delaware", without explaining why.
For me as a European (and many other non-US founders in my SuS group) the course material was basically useless. But we did have a good discussion afterwards on loopholes, and why they exist in such way in the US.
As I understand it, Delaware is what Dublin is to Europe.
- pottertheotter 6y agoI'm not sure what country you're from, but do you feel that there are less tax loopholes there?
- LeonM 6y agoI'm from the Netherlands. I don't know much about tax loopholes though. I do remember reading about some loophole possible through the Netherlands, called the 'Dutch Sandwhich' [0] hence why there are supposedly a lot of companies with just a postbox address in Amsterdam (we call these 'postvakbedrijven' in dutch). Not sure what the extend of this loophole is, or if it is still possible to exploit. I wouldn't bet my company on it though, I prefer just to pay tax in my own country. I see it as my contribution to society. [0] https://en.wikipedia.org/wiki/Dutch_Sandwich https://en.wikipedia.org/wiki/Dutch_Sandwich