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| quote: | Originally posted by Yoepus
I'm paying attention.....
but what should I being paying attention too
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I know that there is nothing of substance in the paragraph - that was why I added the smiley. The description "confident-sounding things that you hear Americans say about the EU" just matched some of your posts exactly. I think it was in the Iran-EU thread, where you called the EU a "pussy-state" - totally ignoring that the EU is not a state at all.
| quote: | Originally posted by Yoepus
Anyhoo from my recent trip to Swissland (not an EU country) I uncovered that the EU indeed does squelche entreprenuership.
To start a limited liability company, or any limited corporation you need about $20,000-40,000 that you have to put up and will never see ever again to sit in bank somewhere deriving interest for the government which holds it as a 'liability' against your company. In addition you have your huge license fees, etc, and complicated legal fees always needed when dealing with a lot of money.
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In Denmark you can start a company with no monetary reserve at all. If you want to get limited responsibility (meaning that you can delve into more risky transactions without risking your own private wealth) you have three possibilities, which varies in the amount of money you must set aside and the direct control of your company that you need to give up. The extreme is becoming a limited company registered at the stock exchange: You have to set aside a little less than $20000 for paying unpaid taxes in the event that your company goes bust, and have to demonstrate that your company is worth at least $20000. To me that seems hardly insurmountable as you only need to go limited if you already have a pretty solid buiness I think.
| quote: | Originally posted by Yoepus
In Texas you pay up to $200 once and you have a corporation.
Now if I were to add and say that in this European nation that 10-50% of your corporations income goes staight to government, in addition to have social security, employment protection insurances, etc levied on you, and then personal income tax later.
Where as in Texas you pay a limited franchise tax (not more than 5%) for running a corporation, and your American social security and protection, etc, with no income tax.
Where would you start your business? |
If I were a robot, only living in order to accumulate wealth in relation to my company, then Texas. If I wanted to live in the surrounding community, then I would pick Switzerland.
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