New side project at scale (broadly in the medical). Fucking bullshit IRS crypto $10k rule and much worse laws and regs likely if we get Biden 2, plus Puerto Rico specific shit (increasing fees and compliance costs), means probably a foreign corp and avoiding CFC rules. So fucking gay to have to worry about this at all.

Cypherpunk, CSO at Evertas, Puerto Rico resident, helping out with security at Truth Social and Waev Protocol, owner of gun store in Pahrump (FFL/SOT).

CFC is probably avoided organically (less than 50% US ownership), and there are liability and other benefits to specific jurisdictions. I am in a decent position to navigate this; sucks for the 98th percentile startup founder.