I’m Joining Stripe to Work on Atlas

Post by dba7dba » Sat, Sep 10, 2016, 4:05 PM UTC

robin_reala wrote: post #298

philipov wrote: post #297

Earlier quoted context omitted.

If innovation is motivated by competition, then the government having a monopoly in governmental services means they never need to innovate, unless they receive some competition. Because barriers to emigration are so high, countries don't have to compete with each other for quality of governance, and so it turns out that only the private sector can do it.

If innovation is motivated by competition Your implication is that competition has to be with external agents. It’s perfectly possible to compete with the status quo. The private sector has a profit motive at its core: make more money for shareholders. The public sector also has a profit motive: save more money and be more effective for tax-payers. They’re both examples of efficiency, two sides of the same coin.

Post by tptacek » Sat, Sep 10, 2016, 4:34 PM UTC

zrail wrote: post #277

pw wrote: post #265

Earlier quoted context omitted.

Apparently it's pretty safe from an audit standpoint if you pay yourself at least $118,500, the maximum amount that is taxable for Social Security. Of course, that means you just save the 2.9% tax for Medicare on any remaining income. Still, I totally agree that it's unethical.

My accountant put it this way: nobody gets audited for paying themselves more than zero salary. Reasonable salary comes into play if you get audited for something else.

Post by PerfectElement » Sat, Sep 10, 2016, 5:14 PM UTC

antoinevg wrote: post #253

anexprogrammer wrote: post #170

Earlier quoted context omitted.

Possibly stupid question for you. Why did you chose Atlas (ie US Incorporation), giving those micro-scale multinational issues, rather than incorporate in SA?

Our situation is quite complex but the tl;dr is: We were already incorporated in SA but we also needed to be incorporated in the USA if we wanted to keep serving our customers.

Post by davidw » Sat, Sep 10, 2016, 5:20 PM UTC

Keyframe wrote: post #312

vldx wrote: post #244

Earlier quoted context omitted.

AFAIK, LLC in Bulgaria requires no capital, there's 50 euro tax for the opening; VAT is 20% and the capital gains are 10%.

I'm honestly considering opening a company in Bulgaria instead of Croatia. I guess I'll visit Sofia within next six months and check out what I need.

Post by idlewords » Sat, Sep 10, 2016, 6:11 PM UTC

tptacek wrote: post #222

idlewords wrote: post #97

Earlier quoted context omitted.

Nope, nothing but a logo, a tiny server farm, and a long series of tweets. I spooked myself into starting the process with LegalZoom at some point, but then couldn't figure out how to transfer assets, and then I got real sleepy.

You get a tax ID, online, and use that to open a business bank account wherever your normal bank account is. Just saying. :)