2 ms·
In a word --- bureaucracy. More specifically, the lack thereof in the USA. All it takes to start your own legal business in the US is a few hundred dollars, a
by jqpabc123 4y ago
In a word --- bureaucracy.
More specifically, the lack thereof in the USA.
All it takes to start your own legal business in the US is a few hundred dollars, an idea and the will to succeed. Even children do it on a regular basis.
- jstx1 4y agoI don’t know if this is it. In the UK registering an ltd company costs £12 and takes less than a day. It’s still not a particularly entrepreneurial country.
- jqpabc123 4y agoBureaucracy doesn't end with registering a company. You may need to also look at what is required to keep it running and the impact of government on incentive and profitability. Without a realistic hope of a decent return on the time, money and effort invested, of course people won't bother.