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Europe can be a less risky place than the US to start a company because of the social security system here. True. You are never going to starve or have to do
by stakent 17y ago
Europe can be a less risky place than the US to start a company because of the social security system here.
True.
You are never going to starve or have to do without medical care even if it all goes pear-shaped.
False. There are people who are not covered by security system. Check in you country what to do to avoid this.
And there is a lot more papers to be filled before you start a company. Not filling of some of them is asking for trouble. As above, check for details in your country.
- axod 17y ago>> "And there is a lot more papers to be filled before you start a company." Not true in the UK at least. You can setup a Ltd company for £25 or so and be operating the same day. Then you just have to send in a few papers each year, and of course pay tax :) From what I've heard, this is far simpler than starting a co in the valley.
- stakent 17y agoCongratulations. There in Poland you have to meet requirements of about half a dozen government agencies. To set up equivalent of Ltd you have to deal with notary and registration court, put some substantial money and wait. Hassle and waiting made a market for registered, ready to go companies.
- BerislavLopac 17y agoThe best way to compare: http://www.doingbusiness.org/ExploreTopics/StartingBusiness/ http://www.doingbusiness.org/ExploreTopics/StartingBusiness/ In short, Europe is too varied a place to make sweeping generalizations. Even within the EU, the differences between two countries can be mind-boggling; in the US there is much less variance between states.
- Luc 17y agoThen just set up a UK Limited company. It's perfectly legal. you'll just pay your annual fee to Companies House in the UK, and you'll pay taxes locally. All this through the wonder of European economical integration...
- stakent 17y agoHmm, looks interesting. A litle bit of legal complexity, but worth investigating. Thank you.
- laut 17y agoEurope is still a continent with a lot of different countries. There is not a social security system everywhere. But I don't look at social security systems as a good thing for starting a new business. In Denmark you can start a company (at least for certain kinds of companies) and send in paperwork later. That part is pretty easy. But again, that's just one small country on a diverse continent.
- davidw 17y ago> I don't look at social security systems as a good thing for starting a new business. It isn't. It is a good thing when the business fails! At least according to the author. Personal opinions may differ about whether or not it is, and how to best go about providing said safety network, but that is economics/politics, and there be flamewars.
- anamax 17y ago>>I don't look at social security systems as a good thing for starting a new business. >It isn't. It is a good thing when the business fails! If you're worrying about what will happen if your business fails when you start it, you're not fully committed. AKA "burn your boat".
- silvestrov 17y agoIn Denmark it is very easy to start a company, but paying employees are a lot of paperwork, which most companies has to outsource due to the complexity. So everybody who does free lancing for +$2500/year creates their own single-person company because it is much simpler for his customers to pay him as B2B rather than paying him as an time-limited employee. Denmark has +300.000 companies. Population 5.500.000 That is more than 1 company per 10 persons in the active workforce!