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EU–INC – A new pan-European legal entity

eu-inc.org

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

#621

Post by bootsmann »

stevenally wrote: post #490
academia_hack wrote: post #168

It's inordinately difficult and expensive to start an LLC or SA in some EU countries. It's even difficult and expensive to _stop_ an LLC and dissolve it. Huge amount of risk and cost on founders and a huge distraction from running a business. I think that EU-Inc _could_ be an improvement, but it needs to avoid the committee laundry list of ideas/requirements/form fields that plagues the EU startup ecosystem. My worry…

In the USA California, Texas, Delaware etc all have different company registration and compliance processes. This has not damaged the business environment. It should be left to each EU country to decide how to manage their company compliance processes. Those companies can then easily trade all over the EU. You can easily set up a company in Ireland. The EU does not to over reach with one-size-fits-all regulations. Th…

Its almost impossible for a fund from Germany to invest in a company from France and vice-versa. It is a significant problem!

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

#622

Post by ronsor »

matesz wrote: post #410
lava_pidgeon wrote: post #263

Earlier quoted context omitted.

This idea was made by French and German government . I'm not sure why do you think the German government is against it.

> This idea was made by French and German government It is true, but lets face it - it is just a high-level proposal. Better than previous ones for sure, but still just a proposal. And there is a massive gap between the PR and the legal reality. Germany and Austria already torpedoed the previous attempt (the SUP) specifically because it allowed online formation without a notary. So I would advise against certainty in…

Reading this thread, I do not get Germany's worship of notaries and notarizations.

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

#623

Post by sevenzero »

TeMPOraL wrote: post #612
miroljub wrote: post #460

Earlier quoted context omitted.

Not related to the comment, but in general I agree with you. You can't have a single monetary system without complete unification, including tax systems, budgeting systems, governance models, retirement systems, benefits. I mean, you can, like we have now, but it's not sustainable, and eventually we all have it worse. As a European, I would not want to go that way, since I'm afraid such a unified EU will be a bureauc…

I recently became much more pro-total-unification, so let me give you this counterpoint: individually, European nations are no match to the major superpowers, neither economically nor militarily. We'll get gutted by divide-and-conquer approach. In contrast, bound much closer together (particularly with some form of pan-european armed forces), the EU would become a proper global superpower and a counterbalance for the…

You cant really believe any of the EU countries actually want to work together? The EU was only possible with the premise of countries keeping their autonomy. Believe me when I say that us Germans would rather go to war than merge with France, just as an example.

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

#624

Post by lazide »

yencabulator wrote: post #615
lazide wrote: post #609

Earlier quoted context omitted.

Also smaller. The ‘waste’ also counts towards GDP, as long as the money keeps moving. Lots of people have built homes and families off it. What really slows an economy down is when money stops moving.

That's an argument for U.S. healthcare insurance industry being a good thing. Uhh.. no?

It certainly pads a lot of people’s wallets! Like anything, it’s about what trade offs, when, by whom, etc.

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

#625

Post by embedding-shape »

ragall wrote: post #582
embedding-shape wrote: post #577

Earlier quoted context omitted.

Depends a lot on what country, but I think you'll find that the ratio of full-time employee vs contractor/at-will employee in most European countries will look very different from how that ratio looks like in the US (or other similar countries).

Sure, but that's very different from saying that Europeans have would never accept it. It's already happening quite extensively, though not as much as in the US. Europe seems to be 20-40 years behind the US in various economic and social developments, but it's not immune from them.

I don't read "we'll never accept here" as "it's be impossible", more like "we won't base our entire economy on that, it's not what the average person wants", because obviously Europe has various staffing companies already, and if you add a tiny bit of nuance into what they said, I'd agree with it too.

> Europe seems to be 20-40 years behind the US in various economic and social developments

That's one perspective, another is that US is 20-40 years behind Europe because the average person can barely afford to stay alive in the US right now, which is much less of a problem in Europe. But it all depends on what you value, I'm not gonna say one is more "correct" than the other, we all have our preferences and so on.

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

#626

Post by iknowstuff »

ost-ing wrote: post #372
askonomm wrote: post #309

Earlier quoted context omitted.

The weird thing is that, at least as an Estonian, I would've never expected this from Germany. Italy, Spain? Sure. Germany? That just feels weird.

Germany never thought it would be in the current situation - decaying health care, pension system, cornerstone industry in decline, lack of digitalization, the list goes on. Massive reforms are needed, action is needed, but there is too much inertia in the system to change anything quickly. Smaller countries like Estonia have the ability to be much more nimble.

Fun fact, the Bundestag is one of the most representative parliaments in the world thanks to MMP. Is the executive dysfunctional? Is it the federal split into 16 tiny states causing this?

If it was just a matter of size, similar/larger countries would be in the same state, and at least one of your smaller states would get ahead right?

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

#627

Post by embedding-shape »

lazide wrote: post #609
yencabulator wrote: post #600

Earlier quoted context omitted.

That's a very American approach. Just enable a grift economy existing purely because the original thing was bad. The Nordic approach is to make the original thing better. The end result is less wasteful.

Also smaller. The ‘waste’ also counts towards GDP, as long as the money keeps moving. Lots of people have built homes and families off it. What really slows an economy down is when money stops moving.

> The ‘waste’ also counts towards GDP, as long as the money keeps moving.

Honestly, that explains a lot. Vastly different perspective from what I'm used to, but useful insight into the US.

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

#628

Post by embedding-shape »

tick_tock_tick wrote: post #601
embedding-shape wrote: post #510

Earlier quoted context omitted.

Yeah, we've realized that, that's why we keep iterating on the union :)

Has it been effective though? The EU used to have a bigger GDP than the USA in 2008 now the USA is over 50% larger. Member nations are still dragging their feet on doing much of anything in the Draghi report and it's unclear if that will ever change.

> Has it been effective though?

At what specifically?

At preventing another European war? Up until very recently, pretty good. No more world wars as of yet, but 80 years has past since the last, everyone with memories of how horrible it was, are almost gone, so I guess we're building up to another one. I'm hoping that at least Europe sticks together if it gets down to it.

I'm not sure why GDP is such an important indicator to you, it's just the value of goods and services, what purpose is that supposed to serve?

USA keeps getting a larger GDP you say, yet the population at large seems to be getting poorer, education and health care gets worse, and people finding it harder and harder to find somewhere to live. So what good does a high GDP actually give you in the world today?

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

#629

Post by eidjdj174 »

logifail wrote: post #592
dpc050505 wrote: post #566

Earlier quoted context omitted.

Several sectors of economic activities have the potential for atrocious externalities and it's absolutely the government's business to know about these and make sure that you're following regulation to minimize these externalities. When you make your employees the neighbours sick (or straight up kill them) it's an enormous failure on the part of government. It's easy to be oblivious to that when you only think about…

Except it seems that it's often large companies - typically those with lots of lawyers - who seem to get away with what I can only describe as "corporate misdeads" most regularly. "Following regulation" sounds great until it's revealed that corporate lobbyists have been helping (co-)write regulations to make sure that fair competition is quashed.

It’s interesting how people can apply thinking like “there are problems, it’s not perfect, better not to try” to government, but also be pro starting businesses

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

#630

Post by moooo99 »

ronsor wrote: post #622
matesz wrote: post #410

Earlier quoted context omitted.

> This idea was made by French and German government It is true, but lets face it - it is just a high-level proposal. Better than previous ones for sure, but still just a proposal. And there is a massive gap between the PR and the legal reality. Germany and Austria already torpedoed the previous attempt (the SUP) specifically because it allowed online formation without a notary. So I would advise against certainty in…

Reading this thread, I do not get Germany's worship of notaries and notarizations.

What I find funny is that in Germany, you can only buy a house with a notary to prevent shady things (reasonable), but up until 2023, you could literally buy the entire thing with cash, without having to provide any proof of the origin of the funds.
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