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 /🍊 & /🟪

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.

You can open it, but the tax department will know on your door and you have to comply with all the taxes and laws as if your company was Italian. A lot of added bureaucracy…

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)