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

731–740 of 761 posts

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

#731

Post by breakingcups »

dzonga wrote: post #728
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…

UK has been the easiest place to form a LTD but UK sucks with reporting requirements - now they even require IDs for directors if EU-inc can have incorporation costs of less than 30£ - then no reporting requirements if say revenue is under 200k then yeah its a win and no other BS like notaries etc

What's bad about requiring IDs for directors? Surely you'd want to verify their identity?

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

#732

Post by miroljub »

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…

There is not a single example of a multiethnic or culturally diverse empire or state that was successful after the rise of nation-states at the end of the 19th century.

All of them crumbled either peacefully or in bloody wars.

Why do you think such a bureaucratic monster that no one really wants would be an exception?

Maybe we can try it again in the 24th century, when the humans evolve enough, but for now, your best bet for a successful country is either an ethnonational or religion-national state.

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

#733

Post by embedding-shape »

seec wrote: post #725
embedding-shape wrote: post #399

Earlier quoted context omitted.

> The EU was supposed to bring countries together, but I think it did quite the contrary What are some concrete examples of how Europeans countries are now further away from each other, since the start of EU and because of EU? As someone who enjoyed the ability of freely moving across the continent to find a country I'm actually comfortable living in, it's hard for me to imagine EU made countries more distant to each…

Well, in the logistics department there is definitely more freedom. But it's not as much as you would think. You can ship stuff easily, travel easily, and send money easily, but at the end of the day, you'll have to submit to the government bureaucracy of each specific country with no real unifying logic and not even a shared language. Technically, English is used everywhere (even though, ironically, the English are…

That's a lot of words to skip around the actual question at hand here:

> What are some concrete examples of how Europeans countries are now further away from each other, since the start of EU and because of EU?

Are you claiming that France and Poland are "further away" from each other today than before, because of those issues about the trucker?

Are you saying that Germany is now further away from the countries in Europe than before EU?

You're going on a wild tangent, and I gave you the benefit of the doubt to read all of it, hoping that eventually you'd get to the point. But it's all tangents, nothing about the topic at hand.

So again, the initial claim was "The EU was supposed to bring countries together, but I think it did quite the contrary", do you have any concrete instances of this happening? Not theoretical, not how one Frenchman now hates Poles, but actual instances of the countries not getting closer together, but further apart, because of the EU?

Because currently, your non-answer makes it seem like you don't actually have any concrete examples here, leaving your original comment looking like ramblings without any rationality.

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

#734

Post by apexalpha »

Kiala wrote: post #656
apexalpha wrote: post #599

Earlier quoted context omitted.

I am living in my second house I bought and they absolutely did not. They just confirmed I was buying a house for X. They did not read the whole thing.

A reading is mandatory (art. 43 WNA), but a party may opt for a limited reading if it declares that it has read and understood the content.

So it is not mandatory then, lol.

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

#735

Post by mlunar »

cowl wrote: post #705
mlunar wrote: post #675

Earlier quoted context omitted.

You are thinking of the continuity of work, colleagues, and responsibilities. Those are of course good to have, especially from the perspective of the company. But from the perspective of the individual worker, a much more important continuity is the one of salary, insurance, and pension. This is the stability that the employee continues getting at Company D.

No, What i'm thinking is Having the option to choose Salary Stability or Salary Risk. In that scenario if the employee is fired after just 2 years (worse case) because the project does not work, he is still financially better (compared to what he was getting at the "stable salary") even if it takes him 2 full years to find another job (something very unlikely if there is a dynamic employment market). in the current s…

You are free to choose opening a consultancy yourself and take on the salary risk as well as reap the rewards.

Companies also currently aren't completely banned from firing people. If and when they do, it can look like you described, with adequate notice and compensation.

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

#736

Post by ronsor »

rcbdev wrote: post #698
ronsor wrote: post #622

Earlier quoted context omitted.

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

> Reading this thread, I do not get Germany's worship of notaries and notarizations. No-one here worships them, they're just an obscenely rich entrenched institution running a racket as the gate keepers of certain notarized acts and doing anything in their power to lobby against innovation. I could also ask you why U.S.-Americans worship a horribly broken school system or love lacking consumer and privacy protections…

I assure you American politicians and lobbyists do worship those malign traits.

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

#737

Post by joe_mamba »

johannes1234321 wrote: post #727
joe_mamba wrote: post #702

Earlier quoted context omitted.

>c) I'm currently on garden leave period after 18 years in the company (incl acquisitions) due to a reduction, where works council produced a quite nice exit for me Isn't this type of generosity the exact reason why German companies are making restructuring and moving jobs abroad where they don't have workers councils and such generous exit packages? Like I'm sure it worked well for you now, but I'm wondering how sus…

It is complicated and has multiple dimensions. For example it also leads to workers not switching Job away from an employer as quickly. It's also interesting how it plays together with social benefits: As it is hard to fire people, hire&fire isn't an approach, thus companies keep workers longer during a downturn, thus when they let go there is more budget for social security. Also the effects of having works council…

Unfortunately your comment still doesn't address my concerns on how this model is supposed to be sustainable to work in the future given the new economic realities of Germany's faltering industry, and especially the existing intra-EU disparity between german labor and eastern European labor, let alone international labor.

You're reiterating the pros of why it's been good SO FAR, but you don't drive on the road by looking in the rearview mirror, if you get what I mean.

My take is that the german government will have to do another "agenda 2010" row of cuts to union and labor rights, if it wishes to keep jobs in the country and remain a competitive export economy, hell, even Switzerland has significantly less labor rights than Germany. Not saying that's a good thing, but it seems like that's one of the necessary evils if you want to have a growing economy, and not turn into Italy or France.

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

#738

Post by runeks »

causalscience wrote: post #74
simon_a99 wrote: post #61

Earlier quoted context omitted.

Unfortunately it's likely that Germany will reject this change. Incorporation in Germany is highly bureaucratic and it requires physical notarisation. Its not a mistake, Germany has an incredibly powerful notary lobby that has already announced its opposition to this. https://www.bnotk.de/en/tasks-and-activities/magazines/bnotk...

Lobbies whose only purpose is to sustain themselves even at the cost of maintaining friction should be made illegal.

You should lobby for this

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

#739

Post by rmoriz »

hwj wrote: post #703
rmoriz wrote: post #548

Starting a company is not the issue, running costs, taxes, bureaucracy is a huge burden. Take US LLC. It‘s a bargain to operate.

Do you have any in-depth resources on how to start and operate a US LLC as a foreigner?

short: no

long: It depends.

If you are a foreigner, e.g. no US resident, you are fully taxable with your US LLC profits in your country of residence, e.g. let's say Germany. There is no way to get a tax discount or any other simple magic hack. However, if your lifestyle allows, to become a digital nomad (not living in a single country for more than 183 days) in theory you may operate tax-free (only sales outside of US, domestic US sales are taxable). The big benefit of a US LCC in this case is, that it's 100% trustworthy limited liability company that does not automatically enforce taxation residency for you individually and can be operated from anywhere in the world. No UAE, no Caribbean islands shell companies needed, that ring all bells and will keep business away.

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

#740

Post by hwj »

rmoriz wrote: post #739
hwj wrote: post #703

Earlier quoted context omitted.

Do you have any in-depth resources on how to start and operate a US LLC as a foreigner?

short: no long: It depends. If you are a foreigner, e.g. no US resident, you are fully taxable with your US LLC profits in your country of residence, e.g. let's say Germany. There is no way to get a tax discount or any other simple magic hack. However, if your lifestyle allows, to become a digital nomad (not living in a single country for more than 183 days) in theory you may operate tax-free (only sales outside of U…

Thx. Am I taxable in my country of residence even when the money is kept on the LLC's bank account in the US?

Let's say a small side hustle earns me $200/month. The money is kept on the LLC's bank account. Later on, when I visit the US, the LLC is paying for traveling and hotel. Would I still need to pay taxes in my country of residence?

(Even though you probably aren't a lawyer, I'd still appreciate your thoughts on this).

Post reply on HN