4 ms·

> I’m not sure if you’ve ever tried founding a business or fundraising in any other non-Germany country, but this is an insane thing to say imo. In the US, peo

by ks2048 2y ago

> I’m not sure if you’ve ever tried founding a business or fundraising in any other non-Germany country, but this is an insane thing to say imo. In the US, people also tell you pay an expensive lawyer to deal with government paperwork.

whatever1 2y ago
Don’t forget the accountant. Once you start payroll things get an order of magnitude more complex.
pembrook 2y ago
Not at the early stages.
1659447091 2y ago
I may be misunderstanding, is this statement suggesting that the advice to use lawyers in Germany is simply standard op procedure, and not even remotely necessary? As it really isn't necessary in the US, especially with how easy it is to change or update later if it gets to that point. I have incorporated (s-corp), created a couple LLC's and briefly used a sole proprietorship with a DBA filed in my county - this one was by far the most annoying, time consuming, and confusing one. The state filings took maybe 10-15 minutes of filling out straight forward online forms, $1 (at the time for a name search) and $300 to file. Soon after I was the paper owner of a legal corporation (or LLC's). The most complicated part was understanding taxes, but the application of taxes is separate from starting the company (assuming you understand the best tax structure for what you are doing). If anything, an Accountant is way more important imo.
- ks2048 2y ago
  I don't know much about Germany, but the statement was a response to the threads above, (1) > but I also think hiring someone for [government paperwork] would be the wise choice in most places anyway. (2) > I’m not sure if you’ve ever tried founding a business or fundraising in any other non-Germany country, but this is an insane thing to say imo. My point was that it's not an insane thing in the USA (non-German country) to hire someone for government paperwork.
nickpsecurity 2y ago
There's a lot of small, one-person shops that manage to make LLC's and stuff in the U.S.. There's books on how to do it yourself. In my state, there's little paperwork, too. Germany sounds way more difficult.
wavemode 2y ago
In the US, getting a lawyer just to incorporate is flushing money down the drain. At best you can do it yourself (and in most states it's not particularly complex), at worst there are cheap online services to help you.

by ks2048 2y ago

whatever1 2y ago

Don’t forget the accountant. Once you start payroll things get an order of magnitude more complex.

pembrook 2y ago

Not at the early stages.

1659447091 2y ago

I may be misunderstanding, is this statement suggesting that the advice to use lawyers in Germany is simply standard op procedure, and not even remotely necessary? As it really isn't necessary in the US, especially with how easy it is to change or update later if it gets to that point. I have incorporated (s-corp), created a couple LLC's and briefly used a sole proprietorship with a DBA filed in my county - this one was by far the most annoying, time consuming, and confusing one. The state filings took maybe 10-15 minutes of filling out straight forward online forms, $1 (at the time for a name search) and $300 to file. Soon after I was the paper owner of a legal corporation (or LLC's). The most complicated part was understanding taxes, but the application of taxes is separate from starting the company (assuming you understand the best tax structure for what you are doing). If anything, an Accountant is way more important imo.

ks2048 2y ago
I don't know much about Germany, but the statement was a response to the threads above, (1) > but I also think hiring someone for [government paperwork] would be the wise choice in most places anyway. (2) > I’m not sure if you’ve ever tried founding a business or fundraising in any other non-Germany country, but this is an insane thing to say imo. My point was that it's not an insane thing in the USA (non-German country) to hire someone for government paperwork.

nickpsecurity 2y ago

There's a lot of small, one-person shops that manage to make LLC's and stuff in the U.S.. There's books on how to do it yourself. In my state, there's little paperwork, too. Germany sounds way more difficult.

wavemode 2y ago

In the US, getting a lawyer just to incorporate is flushing money down the drain. At best you can do it yourself (and in most states it's not particularly complex), at worst there are cheap online services to help you.