Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

EU–INC – A new pan-European legal entity

eu-inc.org

Post reply on HN
Print view View original

111–120 of 761 posts

Re: EU–INC – A new pan-European legal entity

#111

Post by jcmartinezdev »

lnsru wrote: post #87
jcmartinezdev wrote: post #49

Earlier quoted context omitted.

I had my experience with bootstrapping a self founded UG (Unternehmergesellschaft), and the process was long (about 8 weeks), involving me getting support from a company (firma.de) to help me prepare all the documentation which involved a lot of physical paperwork, then there's the visit to the notary which is required. After you do that, you need to register with the Finanzamt, and then you start finding out about a…

The question is always the same: do you really need UG/GmbH at the beginning? It’s typical rookie mistake. I did it too, sold the company for 1€ to some shady people at the end. Gewerbe with 40000€ in the company’s account does not have the problems anymore. And the expensive tax consultants are just another cost of doing business in Germany. Ok, the quality of Finanzamt clerks varies heavily depending on location. C…

Maybe I should have taken another road considering the size of my operations, unfortunately I was wrongly advised when starting up, I spent 1k with a Steuerberatung for advice on what was the proper structure for me, and still… I think they just adviced me the option that was gonna cost me the most to operate.

Lesson learned I guess!

Re: EU–INC – A new pan-European legal entity

#114

Post by causalscience »

Cthulhu_ wrote: post #104
petcat wrote: post #83

I always heard that the issue with startup investment in Europe was the general lack of capital investors willing to take Hail Mary risks on founders with a wild idea and maybe little experience. The market is far too risk-averse for a grassroots early-stage startup scene. How would this organization address that fundamental psychological block?

How is that in the US right now though? Years ago there was a wacky startup of the week on HN raising X amount of funds, nowadays it feels like there's... nothing. Or it's just underreported on HN. Or the billions that funded a hundred startups have all gone down the AI drain.

I suspect HN just got bored with reporting on stupid startups.

Re: EU–INC – A new pan-European legal entity

#115

Post by 3rodents »

miyuru wrote: post #101

I am also looking for a stripe atlas alternative. Having a EU based one will be great. previous: https://news.ycombinator.com/item?id=25006716

Germany is your problem. If you’re open to looking outside Germany, there are many options. You can open a U.K. company same day, an Estonian company with e-residency in a couple of days. Germany is uniquely nightmarish.

Re: EU–INC – A new pan-European legal entity

#116

Post by PaywallBuster »

traceroute66 wrote: post #89
kvgr wrote: post #73

Local Taxes… the issue with EU is the taxes and cost of labour.

> the issue with EU is the taxes and cost of labour. 450 million and counting people would still prefer to live and work in the EU than anywhere else. Even more so with present geopolitics, to put it politely !

> 450 million and counting people would still prefer to live and work in the EU than anywhere else

majority of population of any given country doesn't emigrate ever, even inside EU where it would be extremely easy

Re: EU–INC – A new pan-European legal entity

#117

Post by ViewTrick1002 »

mono442 wrote: post #30
cjs_ac wrote: post #3

> The ultimate aim is to create a new truly European company structure. We call it EU Inc., with a single and simple set of rules that will apply seamlessly all over our Union. So that business can operate across Member States much more easily. Our entrepreneurs, the innovative companies, will be able to register a company in any Member State within 48 hours – fully online. They will enjoy the same capital regime all…

Energy is expensive because burning fossil fuels is expensive due to taxes. A coal power plant pays around two times more for emissions than for the coal itself. They're trying to solve a problem which they have created themselves in the first place.

Europe is energy poor. We will never be able to compete on raw cost with the US, China and similar.

Our path forward are through renewables, which today are vastly cheaper than fossil fuels.

We decide the speed of the transition to green cheap energy by how much we tax fossil fuels. Low taxes = slow transition. High taxes = fast transition.

Re: EU–INC – A new pan-European legal entity

#118

Post by dbuxton »

Of all the challenges you face as a startup, the legal entity you choose is possibly the least consequential. Just choose a jurisdiction where investors understand how the legals work (Delaware C-corp, UK Ltd is OK too) and there's a finite administrative burden and/or commoditized tooling in place to help you handle it.

Now, that may not work in all jurisdictions for reasons of local taxation etc (and you'll have to work out payroll tax, benefits etc) but that's almost never anything to do with the legal entity type!

Re: EU–INC – A new pan-European legal entity

#119

Post by M2Ys4U »

>The ultimate aim is to create a new truly European company structure. We call it EU Inc., with a single and simple set of rules that will apply seamlessly all over our Union.

I hope this is an indication that the Commission proposal will be for a Regulation and not a Directive.

I still don't understand why it's been such a contentious decision to pick between the two.

Re: EU–INC – A new pan-European legal entity

#120

Post by yafra7 »

miyuru wrote: post #101

I am also looking for a stripe atlas alternative. Having a EU based one will be great. previous: https://news.ycombinator.com/item?id=25006716

It's not EU wide but in France we have Legalplace (https://www.legalplace.fr/) to create a company online quickly.
Post reply on HN