Vinay Vasanji
@vinayvasanji.eth
Having a US entity for your business is a major headache IMO - esp if you operate primarily online/onchain You have federal and state tax compliances, and other business compliance for payroll, and a bunch of other things no one really tells you about until you're too far into the mess On the other hand UK or even many European jurisdictions have very simple filing, compliance, and tax requirements It's a complete psyop that somehow the US is a better choice and as new onchain fundraising mechanisms emerge, having a DE or similar US entity is going to feel like a relic of the past
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casslin.eth
@casslineth
SG entities are the best imo. Heard European have some headache compliance/tax regs too. Lots Europeans set up their cos in SG then stay in SEA like Thailand or Bali for lower living costs
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Dan Romero
@dwr.eth
If you want to raise from US based VCs though…
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nkemjika.eth
@nkemjika
The psyop you mentioned is really a thing. I worked in a Ldn based startup that over simplified the process and got stuck when they finally started. I got laid off before any progress was made.
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Gramajo
@0xgramajo
I would agree with this. I ended up setting up an LLC mostly in case I write anything that offends anyone/risk adverse. But I may wind it down. I’m getting changed a couple fees for literally barely making 2k-3k in my content 😂 fuck that
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