Ask HN: Best country to run a boostrapped startup from? (After Section 174)

Post by KomoD » Tue, Jan 23, 2024, 11:43 PM UTC

Ironlikebike wrote: post #28

Pete-Codes wrote: post #22

The UK is pretty good - quick and easy to set up a company or you can be a 'sole trader' which basically means you have simplified accounting but you don't have any limited liability if someone sues you etc Also, an overlooked benefit - we have public healthcare so you don't have to worry about keeping a job in order to get health insurance. It's kinda overlooked point but it's weird that America has this system whic…

If you're a UK company (it's doable but) it can be a pain holding your bank account in dollars (which you'd want to do if your main customers are in the US and if you're paying your employees in dollars). Last I checked, Stripe wouldn't allow you to accept US dollars into a UK-based bank-account that holds US dollars. Maybe this has changed in the last few years. As of April-ish 2023 there are now very strict UK rule…

Post by itake » Wed, Jan 24, 2024, 4:17 AM UTC

givemeethekeys wrote: post #6

itake wrote: post #5

Not an expert... but foreign investments require extra paperwork and tax for you at a minimum. If it was me, I'd keep everything under the US system until you're profitable enough to hire an expert and not ask on HN. Also if you're going to raise investment, I would stick to the USA. You might get into legal or hiring issues if you only get contractors though.

I disagree. I think that HN is a fantastic online forum to ask questions about and talk about issues that concern startups.

Post by givemeethekeys » Fri, Jan 26, 2024, 7:15 PM UTC

itake wrote: post #33

givemeethekeys wrote: post #6

Earlier quoted context omitted.

I disagree. I think that HN is a fantastic online forum to ask questions about and talk about issues that concern startups.

Trained Professional > hacker news commenter