hn@victorperl.com
We can incorporate a company in Europe, to be "closer" to our customers. Ireland seems a good option as they speak English, and they will stick to the European Union. There are some tax advantages as well, but I don't expect to see much profits anytime soon. In the other hand, for non-EU residents, they require to buy a $1,000/year insurance (plus the registered office fee, the company secretary fee, etc) and there are not many resources and tools on how to operate your irish company. I fear that I will have to hire a lawyer or an accountant for even the smallest question. Also it looks like that I need to fly from my country to Ireland to open the bank account.
The other alternative is to set up a Delaware C Corp or LLC. There are plenty of resources and tools to help you run your business and there are services (Stripe Atlas, Gusto) that makes it easy to start and even get a US bank account. Also, if everything's goes well, we may look for US investors and I guess it is easier for them to invest in a well-know structure, such as a DE C Corp. On the other hand, it seems odd to have a Latin American-based US company selling to Europe.
We are talking to lawyers to sort this out. But it would be very helpful to know your experience and opinions as fellow entrepreneurs and investors.
As incorporating in our home country is not an option, we are looking for a place to incorporate.
We can incorporate a company in Europe, to be "closer" to our customers. Ireland seems a good option as they speak English, and they will stick to the European Union. There are some tax advantages as well, but I don't expect to see much profits anytime soon. In the other hand, for non-EU residents, they require to buy a $1,000/year insurance (plus the registered office fee, the company secretary fee, etc) and there are not many resources and tools on how to operate your irish company. I fear that I will have to hire a lawyer or an accountant for even the smallest question. Also it looks like that I need to fly from my country to Ireland to open the bank account.
The other alternative is to set up a Delaware C Corp or LLC. There are plenty of resources and tools to help you run your business and there are services (Stripe Atlas, Gusto) that makes it easy to start and even get a US bank account. Also, if everything's goes well, we may look for US investors and I guess it is easier for them to invest in a well-know structure, such as a DE C Corp. On the other hand, it seems odd to have a Latin American-based US company selling to Europe.
We are talking to lawyers to sort this out. But it would be very helpful to know your experience and opinions as fellow entrepreneurs and investors.
As incorporating in our home country is not an option, we are looking for a place to incorporate.
We can incorporate a company in Europe, to be "closer" to our customers. Ireland seems a good option as they speak English, and they will stick to the European Union. There are some tax advantages as well, but I don't expect to see much profits anytime soon. In the other hand, for non-EU residents, they require to buy a $1,000/year insurance (plus the registered office fee, the company secretary fee, etc) and there are not many resources and tools on how to operate your irish company. I fear that I will have to hire a lawyer or an accountant for even the smallest question. Also it looks like that I need to fly from my country to Ireland to open the bank account.
The other alternative is to set up a Delaware C Corp or LLC. There are plenty of resources and tools to help you run your business and there are services (Stripe Atlas, Gusto) that makes it easy to start and even get a US bank account. Also, if everything's goes well, we may look for US investors and I guess it is easier for them to invest in a well-know structure, such as a DE C Corp. On the other hand, it seems odd to have a Latin American-based US company selling to Europe.
We are talking to lawyers to sort this out. But it would be very helpful to know your experience and opinions as fellow entrepreneurs and investors.
(2) I use notebooks, but once I write down an idea chances are that I will never see it again. I have a box full of notebooks collecting dust.
I want to know how do you capture/keep your ideas (notebook, an app, eidetic memory, napkins, mails to yourself), what do you like/dislike about your current way, and what have you tried and didn't work/stick.
(1) Ideas happen anywhere, anytime (running, in the shower, driving, etc). How to capture these ideas before they vanish?
(2) I use notebooks, but once I write down an idea chances are that I will never see it again. I have a box full of notebooks collecting dust.
I want to know how do you capture/keep your ideas (notebook, an app, eidetic memory, napkins, mails to yourself), what do you like/dislike about your current way, and what have you tried and didn't work/stick.
I am from Chile. I want to start a company that receives money from Apple (selling apps worldwide) and pays a % of the sales to people worldwide (through PayPal). I receive a % of the sales.
I am considering to start a C-Corp in Delaware to do this. Reasons:
- To open a US bank/merchant account - Closer to Apple (no bank transfer fees, currency exchanges, etc) - I can raise VC money
I have been reading YC looking for answers, but now I have more questions! (that's a good sign)
(0) Is it a good idea to incorporate in the US/Delaware?
(1) Do I have to register in every state (I will sell apps and pay people in all the states)
(2) What taxes do I have to pay?
(3) Is it possible to manage a US corp from abroad?
(4) Is there any good book about web startups and taxes etc?
Thank you very much. Your answers will be extremely helpful.