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

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

#501

Post by pgwhalen »

cma wrote: post #500
pgwhalen wrote: post #441

Earlier quoted context omitted.

> One grocery store doesn't bury another by being humanly imperceptibly faster at returning carts than the other by a microsecond One trading strategy being faster than another does not automatically make it better. This is a common misconception.

There are many, I'm only talking about the ones that get an edge through latency arbitrage.

Sure, but at that point I would argue you metaphor is not very useful.

One convenience store would likely "bury" another if it were one block closer to its customers than the other. I wouldn't say the food store industry was "really messed up with market incentives" because of it.

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

#502

Post by stevehawk »

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.

even that's a high charge. if I showed you the processes they were doing then you would laugh. Only exception would maybe be if you were creating a Delaware corporation.

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

#503

Post by menomatter »

indymike wrote: post #182
menomatter wrote: post #38

Earlier quoted context omitted.

A lot of companies now do consulting in W2. Is it still the same in terms of favorable taxes as c2c or 1099?

W2 means you are an employee, so no, the tax situation will be different.

Technically true. But I do consulting and some agencies put me on w2 with no FT benefits at all. https://www.accountingtools.com/articles/what-is-a-w-2-contr...

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

#504

Post by cma »

pgwhalen wrote: post #501
cma wrote: post #500

Earlier quoted context omitted.

There are many, I'm only talking about the ones that get an edge through latency arbitrage.

Sure, but at that point I would argue you metaphor is not very useful. One convenience store would likely "bury" another if it were one block closer to its customers than the other. I wouldn't say the food store industry was "really messed up with market incentives" because of it.

A better example would be two stores were equidistant and the market structure made it make economic sense for one store to pay enormous amounts to have itself jacked up and moved one millimeter closer.

A block closer is massively human perceivable, but we're talking about stuff far below human reaction times.

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

#505

Post by Rastonbury »

baobabKoodaa wrote: post #456
jasonladuke0311 wrote: post #416

Earlier quoted context omitted.

Kind of irrelevant because you will likely never receive a cash comp package equivalent to your salary + RSU amount. If it were that simple, virtually everyone would take the cash.

This entire thread is discussing the hypothetical where you could exchange your stock comp to cash. People upthread were claiming that the stock is more valuable, even though cash is exchangeable to stock without limitations, and the opposite is not true. You yourself said "virtually everyone would take the cash", so I take it that you agree with me.

I think you misunderstood, it's not that stock is more valuable, it's that you should opt to cash+stock because the total value of this will be higher than a pure cash offer. Essentially, cash and public stock is the same to an emplloyee, but for companies, paying in stock is better for them.

Let's say you know you will get a bonus that pays out end next year worth 10k. You can chose to receive 10k cash or 10k of google shares at today's prices. Most would trade the risk for potential upside.

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

#506

Post by aristofun »

darthrupert wrote: post #498
aristofun wrote: post #486

Earlier quoted context omitted.

I would be the case if not many other developers I personally know and their salaries

The answer to this riddle is that I live in an area where salaries are low (Finland, well outside the capital) and I usually value human connection enough that I haven't sought remote work. But now that everything is remote, I might just as well try for that 2x salary

Wish you best of luck!

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

#507

Post by deagle50 »

vanusa wrote: post #418
deagle50 wrote: post #188

Earlier quoted context omitted.

2 weeks (as in 10 non-holiday days) is pretty normal in the US, even if you get more. I get 4 paid but I barely take two and bank the rest. My European parents think I'm crazy but they're used to a pretty nice safety net when you get old, and the concept of early financial independence never entered their mind.

2 weeks (as in 10 non-holiday days) is pretty normal in the US, even if you get more. But still pitiful and anti-health, on first principles. "Normal" though it may be in a workaholic and ideology-driven country like the U.S. If it's a trade-off you choose to accept in exchange for early retirement, though, that's another matter.

I don't disagree, and yes I am choosing to optimize for early retirement. Another reason that may not be obvious to non-US people is that PTO in many cases is cash money, especially if you can accrue and roll it over. If you used before you hit the cap you're leaving money on the table. Twice when I quit my job I got an extra month of salary.

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

#508

Post by arjawn »

Brajeshwar wrote: post #62
jacknews wrote: post #30

Earlier quoted context omitted.

> EDIT: And if you're outside of the US, set up a local LLC so that US-based companies can treat you like an independent contracting business. By local, do you mean a US-based company (eg delaware), or local to where you are?

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

Hey Brajeshwar, Arjun from doola here, thank you so much for sharing us

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

#509

Post by arjawn »

biztos wrote: post #81
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

IANAL but I was looking into starting a US consulting company recently, and one of the tricky things is you have to "foreign-qualify" (IIRC) your Delaware/Nevada LLC in California if you are going to do any business there, which for a tech consultancy is quite likely. Then your tax situation suddenly becomes complex and (relatively) expensive, in case that is related to your interest in Delaware or especially Nevada.…

Hey biztos, arjun here from doola, you're 100% correct here. A common mistake people make is form an LLC in a state that they don't live in. They then have to "foreign qualify" in the state they "do business in" = the state they live in. The definition of "do business in" is essentially you have a physical presence there = you live and work there, have a physical office there, W2 employees etc.

The best advice to "what state should I form my LLC in?" is: - IF you live in the US: form in the state you live in (to avoid the foreign qualification in another state). - IF you don't live in the US: you can choose any state. The most popular states we see at doola are Delaware and Wyoming but Wyoming is the most popular due to the lower ongoing annual fees ($50 to WY vs $300 to DE) and Wyoming has demonstrated it's willingness to innovate when it comes to regulation (like the DAO LLC legislation passed on 7/1/21.)

For more on DAOs check out this blog post: https://www.doola.com/blog/what-is-a-dao-llc-your-complete-g...)

And for a complete answer to "Best state to form an LLC in" check out this blog post: https://www.doola.com/blog/what-is-the-best-state-to-form-my...

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

#510

Post by arjawn »

rootsudo wrote: post #370
biztos wrote: post #81

Earlier quoted context omitted.

IANAL but I was looking into starting a US consulting company recently, and one of the tricky things is you have to "foreign-qualify" (IIRC) your Delaware/Nevada LLC in California if you are going to do any business there, which for a tech consultancy is quite likely. Then your tax situation suddenly becomes complex and (relatively) expensive, in case that is related to your interest in Delaware or especially Nevada.…

It's 100% normal for cali companies to contract non-cali companies. Especially DE/NV corps. As long as your corporate residency is in check, you file annual reports and pay taxes you are 100% in the clear.

Yup, we at doola have a Delaware C Corp but because we "do business" in NYC (physical office, HQ is there, employees there) we have to do the "foreign LLC filing" to stay compliant and in the clear.
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