However, I am conscious of what tax we will be responsible for.
From doing initial research, it seems I won't have to register as a U.S business and pay any federal tax as we don't have a 'nexus' within the U.S. We won't have an office or employees, everything will be operated from the U.K as it currently is.
It seems like the only tax we have to worry about is sales tax, however, quite a few states do not have sales tax on SaaS products.
If we are only focusing on these states that don't have sales tax on SaaS and we don't have a U.S nexus, are we good to go without worrying about tax?
At the heart of that seems to be the G Suite/Office365 debate.
My initial thoughts are that Office365 is still the standard and what employees are expecting but that Google offers a more competitive price point and is more flexible in terms of integrations with other solutions.
Would love to hear other peoples thoughts/experiences though!
What I noticed is that the company I'm currently working for is that there's no real structure in place to enable sharing knowledge within the teams. I'm seeing that most of the knowledge is in the heads of the founders. I'd like to see this change gradually so that everyone in the team understands more (and, in turn, democratize decision making).
How have you enabled your team to share knowledge? Where I used to work we used Confluence, but I feel like that's overkill for a startup and I'm not a huge fan of document-based knowledge base / internal wikis.
Any thoughts on this? Also founders: do you worry about this at all?
Although new, we are not unprepared and have documented ourselves extensively via both reading up practically every famous startup book, Y Combinator posts and we attend local entrepreneurs meetups. However, we feel like we still need some more advice and other entrepreneurs' stories to weigh how to approach this.
Hence we would really like to hear your stories, opinions, and advice on how first-time entrepreneurs should approach investors and how much equity to give them. Thanks in advance.