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> "we are now open to hiring for nearly all of our roles in any location where we have a legal entity setup that allows us to hire" I understand that to employ
by stareatgoats 5y ago
> "we are now open to hiring for nearly all of our roles in any location where we have a legal entity setup that allows us to hire"
I understand that to employ someone remote you need to have a legal entity in the jurisdiction of that person, it makes sense. But it seems this would be a major obstacle against reaping the full benefits of an all out remote strategy. Knowing the resourcefulness of corporations, my guess there are ways to minimize this restriction, either already present or in the pipeline.
Does anyone have an overview of what such remedies might be?
- xfalcox 5y agoCompanies like Remote.com
- carlosdp 5y agoGusto, Rippling, Deel etc. provide PEO services now, which are basically corporations that will "hire" the remote employee for you and deal with benefits and such, and you pay them through that corporation. Seems to be the easiest way to deal with this.
- eastdakota 5y agoPEOs are an incredibly imperfect solution. Makes giving equity much more difficult and, in some cases, impossible. And benefits like healthcare and ESPPs also get very difficult. You end up with a set of "second-class" employees. We do it when we have to, but it's a lot better to setup a full legal entity. The challenge is that makes you first hire in a country often cost at least tens or hundreds of thousands in legal fees. And, in the worst cases, can be millions.