321–330 of 342 posts
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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.
If you have to go abroad, why not UK or Ireland?
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Wait, does that mean that Pinboard is being run under your own name personally, as opposed to being part of an LLC or other corporate structure? If so, I have to say, that would make me a lot more concerned as a customer.....
That's silly, since the only difference his sole proprietorship makes to you as a user is that if he loses your bookmarks you can sue him personally and force him to flee judgement and live amongst the penguins.
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Do you know that this is the case based on UK tax law? Because a lot of countries have provisions for taxing income of foreign corporations locally if they deem that the corporation is controlled and operated from their country. My UK accountant did specifically warn me about tax risks around this years ago - I don't remember the specific conditions where it might arise, but you should not take this lightly.
Like which ones and how would they go about taxing a foreign entity? They would tax the individuals when they repatriated income.
In terms of taxing it, they would try to recover taxes from the entity itself first, but if the entity itself is non-responsive, they would go after its assets and directors and cash flows in or moving through the UK (and for now also the EU).
Since the issue here is specifically companies that are foreign entities operating out of the UK, there will be generally be something they can go after - if there isn't, then the company couldn't realistically be considered to be operating out of the UK for tax purposes anyway.
It's absolutely possible for UK owners to operate a foreign entity in ways that HMRC will agree does not imply taxes are due in the UK (been there, done that), but the point is that you need to be careful, because a few wrong moves and you may worst case have two jurisdictions both expecting you to pay taxes of the same money.
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There are some very different sets of beliefs, practices, and values floating around any craft among people who have the same title. I'll call these "tribes." Tribes are often associated with buzzwords, like "agile." At the highest level of abstraction, practitioners in different tribes do the same job, but the way other tribes do things might be unrecognizable and/or horrifying from your perspective. You want to hir…
Yeah this kind of validates my experiences lately. I recently moved to Europe form Australia, I was a successful tribesman but voluntarily left my tribe because I liked the idea of relocation/traveling. I was awarded an decent paying job in Netherlands but left soon after due to toxic culture which I wanted to protect myself from. I received other offers but non paid well so I tried to find a remote position. I had n…
This is partly why the Bay Area is what it is for software.
I'm sorry you experienced this. It sucks. I wish you luck getting back on your feet in Australia.
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You get a tax ID, online, and use that to open a business bank account wherever your normal bank account is. Just saying. :)
The thing I don't know how to do is transfer assets. Presumably I have to sign some contract with myself to make the servers and code belong to Pinboard LLC.
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That's silly, since the only difference his sole proprietorship makes to you as a user is that if he loses your bookmarks you can sue him personally and force him to flee judgement and live amongst the penguins.
Well, there's also the case in which he declares bankruptcy personally and Pinboard's assets are comingled with his, and Pinboard has to shut down.
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> who can live anywhere in the world Must the director be a Canadian citizen or permanent legal resident?
Sorry, I should have been clearer there. By "can live anywhere" I meant there's no legal residency (or citizenship) requirement.
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Hi, I'm not the person you replied to, but I have a question(s) I hope you can help with. Is there a list of the minimum requirements to join Atlas? I can't seem to find it in your FAQ. Is it true that entry is granted (or not) based on an evaluation of the startups business plan? Do I have to convince someone at Stripe that my idea has legs before I'll be granted access? Also, is the service exclusively for startups…
Atlas is still in beta, so there is an small form you'll need to fill out for an invite. But it's quick, so no need for a lengthy business plan -- all you'll need for this is your name, email address, country, website, and a brief description of what you're building and how Atlas can be helpful (no pitch decks!). We're still piloting Atlas with a small group of entrepreneurs, so this bit of info is helpful for us whe…
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I just reread Accelerando and had forgotten how good it was.
Its the third book in a series of three, are the other two as good? Should I start with them or just skip to the third one?
I am enrolling Stripe Atlas and, to me, incorporating in USA will give me access to modern banking services, and platforms, as Stripe, and it seems USA has very lower taxes than Brazil, my country. That's why I am interested. It all seems fascinating, but I am afraid to continue and do the last step of the enrollment. I don't know how is the process to close the company, what the representative agent can do for me, h…
I agree that Brazil has in general high taxes (especially for what you get in return from the government) but don't just assume this is true in every situation. I'm a gringo "permanently" living in Brazil and from a tax standpoint it was actually better for me to open a Brazilian company. You don't have to pay taxes on dividends you get from Brazilian companies but you do have to pay taxes on dividends from foreign c…
In Brazil you don't pay tax on dividends because you pay higher taxes before. Otherwise you would paying double times. There are hidden taxes till you have the "dividends". And are you aware of the "Imposto de Renda" for companies and people?
I am very curious what formula you used to compare and reach the conclusion that in Brazil it's lower. This is also against some studies http://www.doingbusiness.org/rankings