europoooooor

true story: @quidli initially started as quidli sas (the french version of a joint-stock company); however, after waiting >1 month for our entity registration + bank account creation yet still nothing, we set up quidli inc, a delaware c corp, and opened a US bank account all online in <3 days

Meanwhile in places like Silicon Valley and NYC:

Founders are celebrated. Risk-taking is rewarded.
Failure is seen as education, not embarrassment.

To make matters even worse... https://t.co/F0CvjKAzcR

Europeans are drowning in red tape:

• Employment laws making hiring/firing impossible
• Tax rates crushing small businesses
• Compliance costs killing innovation

To start a company in France takes 84 days
In America? 4 days. https://t.co/2R545Irnh7

Ole Lehmann

Building Frame Drops (permissionless token drops to reward engagement in channels & on casts) on Warpcast 🦑 /quidli

true story: @quidli initially started as quidli sas (the french version of a joint-stock company); however, after waiting >1 month for our entity registration + bank account creation yet still nothing, we set up quidli inc, a delaware c corp, and opened a US bank account all online in <3 days
https://x.com/itsolelehmann/status/1878820386672160801

building /quidli 🦑, casting in /justinahn, daoing in /🍊 & /🟪

so you're saying you can open a delaware inc as an italian in italy (this much i know is possible) but then yhis would put you at odds with italian law?

on my side, i am not a french citizen but am a resident with rights that include starting my own company here (already had 1 french co prior to current company and i recall it took a lot of back & forth to get everything established)

Are you a French citizen?

In Italy an Italian cannot simply open a Delaware inc and be compliant with the law… 🙁
If you are Italian living in Italy , you have to open your company in Italy.

A teller / of stories, that is me. / Curious to learn new ways to see. / Proud dad of two. Now, what / about you? | Builds https://paragraph.xyz/@trpplffct

i'm not an expert, but i think the initial comparison still stands

for example, there is also no "one rule book" in the US either as each state has its own set of rules

furthermore, in the case of NL, it would still not help a FR entrepreneur as they wouldn't be able to take advantage of the faster time without legally residing in NL

One big issue is that there is not one rule book on this for Europe. Starting a company in The Netherlands, also an EU country, takes significantly less time. So, positing the extremely long time it takes in France as a standard for Europe is not a good way of looking at it.

Hiring and firing in the EU is not impossible. It happens every day. It is more humane, though, and less akin to slavery.