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We started as a US company in 2019 to make fundraising easier, and I think this did have a material impact. It's operationally quite annoying, but chances are t
by refrigerator 2y ago
We started as a US company in 2019 to make fundraising easier, and I think this did have a material impact. It's operationally quite annoying, but chances are that we would have had to do it eventually, to efficiently employ US people without paying Deel extortionate fees
- sails 2y agoThanks! Any tips for optimising the operational process? Most impactful thing that you did to reduce friction?
- Lukas1994 2y agoIf you want to do it properly you need to setup an inter-company loan agreement, transfer pricing, you need accountants and tax specialists for both UK and US, ... so the costs will definitely be significant. I don't think there are any shortcuts. Ideally, you find an accountant that is familiar with this setup.