Ask HN: Strategies to land fully remote $250k+ job • Hacker News Board

Re: Ask HN: Strategies to land fully remote $250k+ job

#511

Post by arjawn » Tue, Dec 28, 2021, 1:05 AM UTC

stevehawk wrote: post #94

Brajeshwar wrote: post #62

Earlier quoted context omitted.

I believe he do mean a US LLC, most defaults to Delaware or Nevada. It has become much easier for NON-US residents to form such entities these days. Doola (formerly StartPack, a YC Company) is a good option. Not affiliated with Doola but the founder is a nice guy. https://www.doola.com

wow $200/mo recurring fee.. and they don't do your taxes? operating a compliant LLC isn't that complicated. I'd be curious to hear what they're doing that is worth $2500/yr.

Hey steve, arjun here from doola, this is really valuable feedback because *we do your taxes (form 5472/1120) AND your annual compliance as part of our plan! Our messaging / copy clearly doesn't indicate this / message this properly so we are going to implement a fix asap that improves this.

As to justifying the cost for our plan, if you factor in the cost of having a lawyer/CPA do your IRS filings (there can be heavy fines up to $25K for not filing or incorrectly filing form 5472 https://www.doola.com/blog/filing-requirements-for-foreign-o...) and certain CPAs can charge well upwards of $1000 for this filing alone + your annual report with the state + registered agent, US address, our entire perks and rewards database (https://www.doola.com/rewards), and access to us on a monthly bases for free tax consultations, LLC amendments etc, we've heard there is lots of value BUT we are always on the lookout to add more and as a little sneak peek, stay tuned for some bookkeeping, payroll + banking stuff we have in the works (note we can help with all three of these things now but we do it through partners, we have some ideas to more tightly integrate / embed this in to our offering to provide even more value and a better customer experience).

Re: Ask HN: Strategies to land fully remote $250k+ job

#512

Post by arjawn » Tue, Dec 28, 2021, 1:06 AM UTC

tdfx wrote: post #295

stevehawk wrote: post #94

Earlier quoted context omitted.

wow $200/mo recurring fee.. and they don't do your taxes? operating a compliant LLC isn't that complicated. I'd be curious to hear what they're doing that is worth $2500/yr.

Yeah, that's abrasive even by the warped incorporation services standards. They take advantage of people that have an initial negative reaction to doing anything that sounds "legal-y" but really all they are doing is submitting 2 forms (certificate of organization with the state, application for EIN with IRS), giving you some template document for an operating agreement, and then once a year filing a one-page form to…

Hey! Responded to steves comment above with more color on what is included in our plan (tldr we do include IRS tax filing + annual compliance and more) but it is again very valuable for us to see that we are not messaging this clearly enough on our pricing page!

Re: Ask HN: Strategies to land fully remote $250k+ job

#513

Post by arjawn » Tue, Dec 28, 2021, 1:07 AM UTC

allannienhuis wrote: post #259

stevehawk wrote: post #94

Earlier quoted context omitted.

wow $200/mo recurring fee.. and they don't do your taxes? operating a compliant LLC isn't that complicated. I'd be curious to hear what they're doing that is worth $2500/yr.

I presume they're charging for knowing what to do & how to do it correctly, not just for the time spent doing it.

Hi! Arjun here from doola. This is spot on, we have worked with 1000s of customers and we believe we're experts BUT that doesn't justify not having enough value in our offering and we are always on the lookout / prowl to add additional services/products to our suite to truly provide a "one-stop-shop" offering!

Re: Ask HN: Strategies to land fully remote $250k+ job

#514

Post by arjawn » Tue, Dec 28, 2021, 1:08 AM UTC

jacknews wrote: post #74

Brajeshwar wrote: post #62

Earlier quoted context omitted.

I believe he do mean a US LLC, most defaults to Delaware or Nevada. It has become much easier for NON-US residents to form such entities these days. Doola (formerly StartPack, a YC Company) is a good option. Not affiliated with Doola but the founder is a nice guy. https://www.doola.com

Looks like a good service. Often the problem with setting up a business in a foreign country is not registering the company, but opening a bank account for the business, so you can get paid easily by customers in that country - which is really the whole point of the exercise.

Thanks Jack You are 100% correct, people don't really want an LLC, they want a way to transact globally in the US dollar and to do that they need a US bank account + US payments.

We work with many different banking and payment partners (https://www.doola.com/rewards) and not only help folks go from 0 -> bank account but also keep the LLC compliant in the background (annual compliance, IRS tax filings, and more!)

Re: Ask HN: Strategies to land fully remote $250k+ job

#515

Post by arjawn » Tue, Dec 28, 2021, 1:11 AM UTC

ssijak wrote: post #258

Brajeshwar wrote: post #62

Earlier quoted context omitted.

I believe he do mean a US LLC, most defaults to Delaware or Nevada. It has become much easier for NON-US residents to form such entities these days. Doola (formerly StartPack, a YC Company) is a good option. Not affiliated with Doola but the founder is a nice guy. https://www.doola.com

I formed an LLC for 350$ through a service, online. Yearly I pay additional 190$ for maintenance and address. edit: They also helped me open a Mercury bank account

Hey! If you're interested in other banking options check out https://www.doola.com/rewards. Feel free to email us at hello at doola dot com as well and we can see if we can intro you to the banking partner!