151–160 of 161 posts
This whole move is about corporate governance. The US makes it really easy to start or manage corporations and the courts are (mostly) streamlined and predictable, especially the chancery courts in Delaware. Cayman Islands adopted much of Delaware's legal approach to corporations in 2016 to make the island more business friendly rather than just a tax haven, and they've got a foot in the Latin American market. Singap…
This whole move is about corporate governance. The US makes it really easy to start or manage corporations and the courts are (mostly) streamlined and predictable, especially the chancery courts in Delaware. Cayman Islands adopted much of Delaware's legal approach to corporations in 2016 to make the island more business friendly rather than just a tax haven, and they've got a foot in the Latin American market. Singap…
Earlier quoted context omitted.
It is difficult to take anyone worried about the US seriously when their solution to protect themselves is to move to Canada. Not saying anyone's right or wrong but the idea that, should America go psycho, Canada would somehow be okay is a pipe dream. Canada is essentially an outpost of the United States. Yes, I have Canadian family (even old stock "Loyalist" Canadian family) and they all feel the same way. People ne…
It's a step improvement: It gets you over the border to a comparable place while being close enough to family for now. The risk of "borders are secure now, nobody gets to leave" is non-zero in the US' future. The way political litmus tests are affecting civil rights here is scary as hell too. On the military angle, I'd much rather live in a country without nukes. But I'm willing to kick the nuclear blackmail risk can…
This is honestly insane.
> On the military angle, I'd much rather live in a country without nukes.
That's because the majority of the typical American with these views is extremely privileged and has never actually had to live in a country without nukes. Ukraine is the future of countries without nukes -- forced to choose between great powers or made into buffer zones without any prospects. It's all so tiresome really.
Earlier quoted context omitted.
It is difficult to take anyone worried about the US seriously when their solution to protect themselves is to move to Canada. Not saying anyone's right or wrong but the idea that, should America go psycho, Canada would somehow be okay is a pipe dream. Canada is essentially an outpost of the United States. Yes, I have Canadian family (even old stock "Loyalist" Canadian family) and they all feel the same way. People ne…
Let them have their opinion, the number is so small it's meaningless. People have been saying they are moving to Canada for decades due to whatever recent events, statistics say otherwise.
The personal tax rate is the same. The corporate tax rate is actually lower.
US: 21% (federal only). Canada: 23% to 31%, depending on the province.
I'm the co-founder of looch, a US SMB financial platform. Our Delaware incorporation package is $249, all-in. https://looch.money/start
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What are the trivial changes Canada could make if it wanted to be serious about startups?
briefly: cap gains reductions. at will employment. competitive top line corporate rates that attract HQ's and IP the way Ireland did. reduce the public sector talent tarpit, tariff goods from countries that use slave labor. abolish the dairy, wheat, and syrup boards and other agriculture cartels. enforce money laundering laws against retail businesses to normalize commercial rents. reduce immigration to levels where…
Earlier quoted context omitted.
briefly: cap gains reductions. at will employment. competitive top line corporate rates that attract HQ's and IP the way Ireland did. reduce the public sector talent tarpit, tariff goods from countries that use slave labor. abolish the dairy, wheat, and syrup boards and other agriculture cartels. enforce money laundering laws against retail businesses to normalize commercial rents. reduce immigration to levels where…
> if you talk to anyone in canada who is from here and doesn't work in the public sector, the conversation quickly turns to whether they're planning to leave and how far along they are. the way it's going, they're going to have to bar the exits. It sounds like that is just your bubble. I live in Vancouver, BC, and am a Canadian citizen. Yes, lots of people agree that things could be (and should be!) better - but I do…
These days I'm finding people are very much against relocating to the USA more than 4-5 years ago.
This whole move is about corporate governance. The US makes it really easy to start or manage corporations and the courts are (mostly) streamlined and predictable, especially the chancery courts in Delaware. Cayman Islands adopted much of Delaware's legal approach to corporations in 2016 to make the island more business friendly rather than just a tax haven, and they've got a foot in the Latin American market. Singap…
This exactly. Canadian common law has some very odd implications for corporate governance. Much higher risk of governance deadlock due to recent rulings. VCs are not going to know that when evaluating a company. YC as the incubator and the first check in has an obligation to vet the situation for future investors. The easiest way for them to do that at scale is to ensure they are experts in a very small number of jur…