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EU Inc.: A new harmonised corporate legal regime

commission.europa.eu

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Re: EU Inc.: A new harmonised corporate legal regime

#2

Post by Gormo »

It's funny that the EU pretends not to be a sovereign entity or a state in its own right, but then sets up legal frameworks like this. Even in the US, you can't set up a corporation at the federal level: apart from a handful of entities chartered via special acts of Congress, a business entity must exist under the laws of a particular state.

Re: EU Inc.: A new harmonised corporate legal regime

#3

Post by dmitrygr »

> The objective is to enable innovative companies to operate under a single, harmonised set of EU-wide rules, covering relevant aspects of corporate, insolvency, labour and tax law.

A good idea in theory

> legal framework provides faster (within 48 hours), cheaper (maximum EUR 100) and fully digital company registration, simplified procedures throughout the company life cycle

Did not expect this

.

If they deliver, this might actually make startups in europe a bit more common

Re: EU Inc.: A new harmonised corporate legal regime

#4

Post by dmitrygr »

Gormo wrote: post #2

It's funny that the EU pretends not to be a sovereign entity or a state in its own right, but then sets up legal frameworks like this. Even in the US, you can't set up a corporation at the federal level: apart from a handful of entities chartered via special acts of Congress, a business entity must exist under the laws of a particular state.

[flagged]

Re: EU Inc.: A new harmonised corporate legal regime

#5

Post by matthewmacleod »

dmitrygr wrote: post #4
Gormo wrote: post #2

It's funny that the EU pretends not to be a sovereign entity or a state in its own right, but then sets up legal frameworks like this. Even in the US, you can't set up a corporation at the federal level: apart from a handful of entities chartered via special acts of Congress, a business entity must exist under the laws of a particular state.

[flagged]

That obviously makes no sense. A club isn’t a sovereign entity just because it has rules. Hungary is free to leave the EU and set a border policy that conflict with EU law if it wishes - but if it wants to remain part of that organisation, particularly one that has open borders thorough The Schengen area, then of course it needs to follow the rules.

Re: EU Inc.: A new harmonised corporate legal regime

#7

Post by sherlock_h »

Even if it falls short on the ideal implementation via a regulation rather than a directive (the former mandating all states to adhere to a single implementation and the latter defining a framework that can be implemented by member states) this is still a huge accomplishment and a step in the right direction.

And all done as a grass roots effort from a few dedicated and motivated folks like Andreas Klinger.

Re: EU Inc.: A new harmonised corporate legal regime

#8

Post by echelon »

dmitrygr wrote: post #3

> The objective is to enable innovative companies to operate under a single, harmonised set of EU-wide rules, covering relevant aspects of corporate, insolvency, labour and tax law. A good idea in theory > legal framework provides faster (within 48 hours), cheaper (maximum EUR 100) and fully digital company registration, simplified procedures throughout the company life cycle Did not expect this . If they deliver, th…

> If they deliver, this might actually make startups in europe a bit more common

Just in time for AI to make startups no longer possible for labor capital to undertake as financial capital alone (plus the hyperscalers) take the reigns.

Once there's a $1M Claude Code button to implement an entire business, it's over. Engineeers and business folks and the startup hustle are over.

I was hoping open source would save us, but it's not keeping pace with the leading edge of foundation models. Plus the hyperscalers own all of the infrastructure to run and scale anyhow. Piddly RTX cards are nothing in the face of this.

This is tech (and humanity's) final "embrace, extend, extinguish".

This is the last few years of startups.

Re: EU Inc.: A new harmonised corporate legal regime

#9

Post by dmitrygr »

matthewmacleod wrote: post #5
dmitrygr wrote: post #4

Earlier quoted context omitted.

[flagged]

That obviously makes no sense. A club isn’t a sovereign entity just because it has rules. Hungary is free to leave the EU and set a border policy that conflict with EU law if it wishes - but if it wants to remain part of that organisation, particularly one that has open borders thorough The Schengen area, then of course it needs to follow the rules.

As UK showed, leaving EU is hard and EU will fight you on it as well as seek to penalize you
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