I'm a U.S. lawyer admitted in 2 states, 5 different federal courts, the U.S. Supreme Court. Delaware is a jurisdiction which many companies form their headquarters not only because it keeps transaction costs down and formation of companies there is very quick and straightforward as well as their courts being extremely well suited and quite experienced with complex business transactions and they even have a specialized Court to deal with these matters.
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Delaware's business-friendly laws, quick formation process, experienced courts, and specialized business court make it a popular jurisdiction for companies to form their headquarters and conduct complex business transactions.
So you’re saying it’s an extensive and highly involved racket. Which many ill intended companies and questionable organizations are taking full advantage of 🤔 I wonder what the paychecks of those local officials looks like?
Thank you for your feedback! I believe it's important to provide a comprehensive view of business, including both the technical and strategic aspects to help others succeed.
Thank you for your feedback! We believe that understanding both the business and technical aspects is crucial for success in today's industry. We strive to provide valuable insights and information on both fronts to help our audience excel in their careers.
Thank you for your kind words. I believe it's important to have a balance between the business and technical aspects when creating content to provide a comprehensive view of the subject matter. I'm glad you appreciate it!
13:40 Wrong! This is actually really useful info, especially about shareholders agreement. I would love to hear more of this finance and legal side of running a business also, even in more detail!
Delaware's favorable business climate, efficient legal system, and specialized courts make it a popular choice for companies to form their headquarters and conduct complex business transactions.
We are grateful for your positive feedback and thrilled to know that our content is making a difference in your professional journey. Rest assured, we will continue to provide valuable information and resources to assist you in achieving your career goals. Thank you for your ongoing support!
Thank you for recognizing our dedication to covering a wide range of business and technical subjects. Our mission is to equip our audience with the insights and resources necessary to succeed in the constantly changing industry environment. Your support is greatly appreciated!
Delaware's favorable business climate, efficient legal system, and specialized courts attract companies looking for a stable and supportive environment to establish their headquarters and engage in intricate business deals.
Delaware's favorable business climate, efficient legal system, and specialized courts attract companies to form their headquarters and conduct complex business transactions, making it a popular choice for many businesses.
Thank you! Transparency is key in building a successful company, and I believe it's important to be open and honest with stakeholders throughout the process. I'm glad you find it interesting!
Thank you for your feedback! I will definitely consider covering more topics related to finance and legal aspects of running a business in future articles. Stay tuned for more detailed information on shareholders agreements and other key business agreements.
Delaware is not a tax haven. Delaware is a privacy haven. There are, at least 6 states in the us that are better, tax wise, better than Delaware (with south dakota being the best one… ask the creditor card company). Also going to court is better in Delaware: they judge there know more about business procedures than many other places. Last but not least: lately a couple of rulings from Delaware judges, starting with the one on Musk’s compensation package, created some concern but nothing major happened so far. Personally I incorporated 5 companies in the last 8 years in Texas (and managed 3 of them) in name of Italian enterpreneur (i am an Italian consultant)
@@gaiustacitus4242 if you don't have logistics need, al the north-western state are amazing: as of now Montana has more Supercoputing power than any other state: many big tech opened up daatacente rover there (cooling cost way less)... so basicaly if you need to set up a service company and or software related entities, Idaho, Montana, Wyoming are very good choice, Salt Lake City (Utah) is a tech incubator... last but not least: there is, in the US, a tax heaven that it is iven better than any of the caraibean paradise: South Dakota... but Texas and Florida wins hands down in general
Delaware's favorable business climate, efficient legal system, and specialized courts provide companies with a stable and supportive environment, making it a top choice for establishing headquarters and conducting complex business transactions.
Delaware's favorable business climate, efficient legal system, and specialized courts provide a competitive advantage for companies seeking to establish their headquarters and engage in intricate business dealings, making it a top choice for a wide range of businesses.
@@NataliaNovak-me5ph I can readily have courts move almost any lawsuit involving a Delaware corporate entity to a different jurisdiction and render Delaware's chancery court system moot. Why? Because most businesses organized in Delaware never do business within Delaware, thus nexus can only be established in another State (whether foreign or domestic). While it is a bit more difficult to overcome the choice of laws provision in contracts which may specify that Delaware's laws shall apply, this is also possible - especially when neither company involved in the suit ever conducts business in Delaware.
This was really interesting to listen to, having founded a (tech) company in Switzerland and having gone through a similar process. The Shareholder Agreement was definitely the document we spent the absolute majority of our time on. Figuring out things like founder stock vesting is really important!
Delaware's advantageous business environment, streamlined legal processes, and tailored courts make it an ideal location for companies looking to set up headquarters or engage in intricate business dealings. Its secure and conducive setting fosters growth and success for organizations.
One of the bigger reasons than taxes for Delaware is the ease of incorporating plus the Delaware chancery court which is setup specifically to deal with business related cases.
Delaware's advantageous business environment, streamlined legal processes, and tailored courts make it an ideal location for companies looking to set up headquarters or engage in intricate business dealings, offering a secure and conducive setting for growth and success.
Delaware will now disclose all documents related to organization, officers, and directors after the first year when the business files its Annual Report, so it isn't that great for privacy. If you want anonymity, then file the articles of organization in Nevada.
@@akorenkov It doesn't matter how favorable the chancery court system is when there is no nexus in the business dealings except in other States. In that case, the courts will permit the lawsuit to be heard by the courts of the State in which nexus can be established.
Isn't the main reason why EU startups usually have a Delaware company in the background that they do fundraising in the US, because there's very little venture capital in the EU?
Even though none of these things are even near the ballpark of my interests, it's still nice to see the step by step of how things get done. Thanks for the documentary series! :)
I watched a short yesterday about how to price your product. That form in description is exactly what i've seen as "do it like this". Good luck, Tomaž.
Found this specifically while looking around for a 10g router. Really fascinating video, both from the transparency standpoint and explanation of the actual behind the scenes process of the average Delaware incorporated company formation.
Well, that depends on whether the officers and directors of the corporate entity adhere to all corporate formalities. If they fail to do so, then it is easy to pierce the corporate veil and then attach their personal assets to satisfy the debts of the corporation. Given that few people know what corporate formalities are or how to comply with the requirements, any truly competent attorney can tear through the corporate veil like it is wet tissue paper.
You mentioned US or UK then spoke about the EU without mentioning the UK. UK registrations cost about £15, happen same day, and most things can be done online. Seems to match all your requirements except it's cheaper and the company legal system is a bit less weaponised. The benefit of registering in Delaware is privacy rather than tax benefits. You may find that getting dividends out of the US is more hassle than in the UK. In UK a document-to-email service and a chartered accountant it's less than £1k/yr, but can be cheaper than £500/yr. Registering for taxes is easy (including EU VAT) and presumably a cheaper flight to the UK if you do need to visit (not that anyone would ever want to visit Delaware) Having said that, I appreciate you going through the process for registering in Delaware.
I have had several UK companies and still have a couple and it's very cheap and very easy. I was wondering the same thing - why not the UK? If US VC are not interested in investing in UK companies, that would be a conclusive reason because UK VC seem mostly brain dead. Impossible for me to judge (no pun intended) but at first glance I'd assume that legally the UK would be far better than the US because although the laws (common not civil) are very similar, UK company law has the image of being less expensive - I could be totally wrong there. If it's the tax situation, especially avoidance like big tech do, then I'm "all ears" - please do tell.
I'm not a specialist and I've only recently started looking into starting a business in the US because I read that the legal entities Ltd and LLC are quite different and the LLC has some advantages over the Ltd.
@@vivian5361 LLC is tax transparent, a bit like a limited liability partnership in the UK. The Isle of Man has an LLC structure available. The Isle of Man is in a customs union with the UK so access to UK banking is easy and potentially 0% corporation tax. Tax transparency means you still have to account for your taxes somewhere and the USA will definitely want their slice so accounting could end up being more complicated. In the case of this video he didn't set up an LLC.
I agree the Uk isn’t known for been the laundromat of Europe for nothing 😂 then there’s the Netherlands and others were European companies “hide their money besides getting vc money I don’t see big difference in the usa but I never opened a company so 🤷♂️, I know that you can open a company in “1 hour” is my country again idk if applicable to his type of company but still, in Europe theres a lot of tax evasion you just need a good lawyer 😂 but to get money I agree in the usa is easier
Super excited to see how this goes, and find it interesting how someone starts a corporation. Not sure I'll afford the final product, but only time will tell.
A Router Company with HQ in US is aplicable to US Law. This meams that US Agencys an Presidentian Gag Orders have easiers access. This lowers my trust in your potential product
To be fair, incorporating in the UK is not that bad either. In some EU countries you as a founder legally have to pay yourself minimum wage and (of course) pay income tax!
I have a JD, I'm also incredibly experienced and have a background in science electronic engineering coding and embedded devices, as well as finance banking and the requirements for individuals investing in companies that require that the person be a qualified investor meaning they have to have enough income and net worth to buy stock in an unlisted company is there assumed to have the requisite experience not to get scammed.
hopeful for more unicorns in EU regardless where registered, but evidently EU can do more to attract investors and establish habit to open business fully digitally here
Mr. Zaman, my first in your channel, when I just stumbled upon this video. Your history is very, very inspiring and I'm really sure this endeavour could result in nothing but an amazing success for you and all the investors. If I may opine, you took the best decision regarding the company and investors interests. This is exactly what everybody should do. Why not look for the best alternative for your business? If there is a place where you comply with the legislation and also can pay less taxes, why not? Those people are a very concerned about the other's success, instead of doing their own job. Go ahead, keep up the good work. Congrats.
I don't know if it's been raised already, but go get a DUNS number (an international company number), it's free and with you being based in Europe it's what a lot of businesses will use if you want to create accounts locally to you using the business entity (at least in the place I work)
Great video. Awesome to get an insight into this necessary paperwork aspect of the project. Good for transparency & building trust by sharing all of this with us.
Very, very valuable information, got it recommended out of nowhere. I am helping a friend who is going international with his startup and will pass this on.
Although the topic is miles away from my interests, I watched carefully the whole video. Inventing "custom high-end router" is not your only talent🙂. Lep pozdrav iz Hrvaške.
You can also set up different classes of shares and choose your business organization type whether it be a corporation and there's two types as well as a limited liability corporation which is like a corporation from a litigation standpoint it protects your personal assets what is a tax flow through Corporation meaning you're still liable for your profits in your tat jurisdiction.
In the UK, you could have done all by yourself. I am from Europe, and I have established a company in the UK 9 years ago, with £15. But it is not a tax heaven like Delaware. Indeed the process is well documented and straightforward, and you can do all online.
Me too. I ran a uk company and it’s cheap and easy. I did a company in Germany. Horrendous, complex and expensive. Like eating glsss. My next one will be Delaware or Texas.
4:41 you could have done the same in Estonia, you don’t have to fly there, everything is done digitally. And incorporating cost you like €200, and you don’t even pay taxes as long as profits stay in the company.
Doing it anywhere else than where the work is effectively done would be fraudulent. There's just a few years delay between the moment he pays fees to these companies and the moment he'll start having issues about it.
Congratulations Tomaz! I am super excited for you and I look forward to seeing the final product. I was curious, do you think you will look into designing a mesh network system? Most of my homes that I have had require a mesh network because of how old some of the homes are.
I would in almost all cases use Delaware or a number of other jurisdictions which have low costs and specialized court systems as well as business-friendly corporate legislation in addition with any contract involving parties in multiple jurisdictions I would always add an international chamber of commerce finding arbitration clause to be held in the city of the place of manufacture or the founders of the company and each side gets to pick an arbiter and if those two arbiters can't decide on a third neutral then the president of the ICC of that particular jurisdiction will pick a third neutral arbiter it's much more quick the decisions are very to the point and protect your business processes and are valid in all members who have taken part in the agreement which make them completely legally binding unenforceable upon their issuance unless there has been some major violation of your legal rights which in many cases is rare.
Your Slovenian lawyers have told you, that you need to register Mono Technologies Inc. in Slovenia as a branch and declare taxes in Slovenia, since you as sole director direct the business from there?
This is why there is no tax benefit to this, it also limits EU banking choices. But VCs won't invest in a regional european company and you get the possibility of a SAFE etc. so it's still a net positive
Delaware has the lowest corporate taxes of any state. As opposed to California, where you would need to double your investment to get incorporated. Also, the annual tax bill is very low before you start calculating revenue taxes.
There are no state of Delaware taxes if you are not operating in the State of Delaware (as far as I remember). Just the annual fee and the registered agent fee. Is that still correct?
Delaware has a corporate tax rate of 8.70% of federal taxable income, but it is based on a ratio of property, wages, and sales in Delaware to the same elements in other jurisdictions. If an entity does not conduct business in Delaware, then it will owe zero income taxes in the State. However, it will still owe franchise and excise taxes (which are based on the number of shares issued).
Will you also do the "Delaware C-Flip". It starts with the non-US company beeing the parent one, than flip, and it becomes a subsidiary of the US one..
Another question i would have. Now that this is an US company, do you need to pay any employment taxes in the EU? Are you paying yourself/co-founders or others based on the investments or do you pay yourself from savings?
His country of residence will tax his income/dividends then say "but wait? You have no real presence in Delaware? So your company should have been Slovenian?" and he can enjoy some consequences. If this was true, everyone would incorporate in tax shelters and live in the comfort of high tax countries. This is likely an ad for the companies mentioned.
Taxes are a cost like anything else, of course the need to be taken into account. It is so easy to have opinions about what other people do, don't let it affect you more than is necessary.
excellent video, thanks! Many best wishes for your company. I would like to ask a couple of questions: how much is going to cost annually your tax advisor and accountancy services? What type of corporation did you opened, I got that it is not an LLC? How are you managing your US visa or you do not plan to apply for an US visa, if this is possible? Thanks in advance and I hope thta if you have time to answer my questions!
Congratulations! This is how Dežela overtakes Lijepa Naša... Pretty please with sugar on top, do us all a favor and use illumos instead of Linux for the firmware. Post scriptum: we want to start our own company once we're done with our software, so this was super interesting to me. Exactly what I wanted to know.
Bravo, čestitam za uspešen funding! Btw: VAT (oz. DDV) ni enako kot davčna št., saj ima seveda vsako podjetje DŠ, ni pa vsako podjetje registrirano za DDV. Vse dobro!
Up until May you could open UK company for £13 ( now £50). I takes up to 24h to receive all docs. I didn't need lawyars. Articles of assosiation in the UK is always ready made, for free. And the UK in not in the EU😅.
Taxes are not the reason. Deleware has well developed business courts which are quick and fair for adjudicating business disputes, which happen a lot. This has more value than any tax discount.
Very interesting but I'm wondering why is this possible? Most countries want you physically there as a resident in order to open a business on their sole. Does Slovenia or eu in general is fine with this? Should you declare your US company to Slovenia tax office? Also where do you pay taxes ? Any risk of paying additional taxes or being accused of tax evasion? How to minimize these risks as eu citizens?
Estonia allows to establish a company completely online. Usually EU countries require local businesses (no matter what legal form) to be registered locally and to pay local taxes, at least for the part of the business that is done from the local site. If a (foreign or local) company has directors in more than one country, double tax treatments may come into effect.
@@jayfraxtea that is what I wrote in the comments too, if your CEO, director and board members are in Slovenia or Spain or any EU country or any OECD country you have to create a company in the country of residence of the CEO, director and majority of board, it is not about taxes you pay, but about laws. If you don't comply you are making a criminal offence in all these OECD countries. Foolish to be saying publicly that you be CEO and director of company in country A and live in country B.
@@cantacann, you're not completely correct: you don't have to create a company in the country of your residence. Instead you can establish a company in every country you want, but the moment you start acting as a director for a company, no matter in which country this company was established, it becomes a local tax subject and needs to be registered at the local tax office, in Germany that is called a "Verwaltungssitz", other OECD-countries have other terms. If a company has a permanent installation in a country (and the office of a director of course is such), it usually needs to register that in the company register. In Germany this is called a "Betriebsstätte", other OECD-countries have other terms. If a company has an employee in a country, it may have to pay social taxes for this employee in this country. This is where countries are very different: in Germany a director can be free of social taxation while in Romania a director is subject to health and pensions ... and the director of an Estonian Osaühing is usually subject to 33% social tax even if he doesn't have a residence in Estonia(!).
@@jayfraxtea man, you are repeating what I just said, that if you are a director/CEO and have a board majority/management in a country you must create a company there. And that is the opposite of what this video says.
@@cantacann, no, I'm not repeating but correcting you. You don't have to create a company, as you say. Instead you have to register the company locally. That registration doesn't change anything about the initial creation in the foreign country. When I lived in Germany, I established a English Limited that I then led as director. Therefore I had to register the Limited at the local company register and the local tax office. The local tax office then issued a document ("Ansässigkeitsbescheinigung") that I could send to the English tax office, so they knew taxation of the company is done in Germany and no English taxes apply (according to the DTA). Additionally I had to file an annual return and a balance sheet according to English law at the English company register and then had to file this same document as well in Germany. Fortunately in this case Germany allows English balance sheets.
The same when starting a company in the UK. Anyone living in the EU knows that having idea and getting investors for it in EU is as good as impossible not even taking about all the taxes So i fully understand ms why you did it
So I was admitted in Geneva but you leave the bar when you're not privately practicing and then go back when you join another Law firm there and I've been admitted in Singapore as well as working with the Malaysian Bar Counsel, and have 25 years and Global business private international law with work across the spectrum of legal specialties across multiple jurisdictions and that was my specialty. It is still my specialty but I'm currently on medical leave but that's temporary and I'll be back in the market and working 6 to 12 months. I also have a few marketable ideas and I'm looking for an electronic engineer to consult about their marketability.
EIN takes only 4 days or so. But yes, you do need to call. Your lawyer should've told you that in advance. (Actually, most lawyers will do this on your behalf).
Maybe I am wrong or I misunderstood but this is all illegal in the EU and all OECD countries, there basically if you create a company in a country and you run it from your OECD country you are committing a crime and tax evasion. All board and HQ operations(day to day) must be done in the country where the company is registered. There is a way to open up abroad, the company you own in your country is the owner of the company in Delaware/Us/US, etc.
@@tomazzaman so I was right, you don't know what OECD countries compliance means. It's not about paying taxes but about management and running a US company when you an EU resident and you work for the company, and you are in fact the CEO. You are actually running a Slovenian or Slovenian/Dutch company, unless you just invest money and a CEO and some workers in the US do the job. It means you have not asked Slovenian or Dutch lawyer how it works, and you got scammed. I am sorry, you have to go and check before something bad happens to you.
How did you manage to open a bank account without going to Delaware? That's pretty much impossible... unless you gave someone else power of attorney to handle YOUR money...? What am I missing?
It's a business-friendly jurisdiction tending to side on the side of the business rather than any potential that against who often try to sue companies with abusive process more or less and they utilize juries and adrenal vacation to obtain awards against the company and this drives up costs and can kill a startup. Wild Delaware has a special Court dedicated to business conflicts and a judge rather than a jury is going to hear your case and it reduces the potential for jury nullification of frivolous and abusive lawsuits.
A competent attorney will include a provision in the license agreement that makes arbitration the only possible means of recourse for the consumer. This removes the court, and therefore the jurisdiction, from the decision of which jurisdiction to incorporate a business in. Significant lawsuits involving other corporations are most likely going to be filed in a U.S. District Court.
Most of my contracts were in the 100s mil+ and between businesses or wealthy individuals. I was a "private international lawyer", something that's a specialty in the law here but in the U.S. It's what they tell you never to do (practice across the spectrum of other specialties and using multiple jurisdictions) but since very few American lawyers ever do it, they only give you one course in U.S. law schools called "Conflicts of Law" so I learned on the job as a "stagaire" your first year of practice in Switzerland. There is an unwritten rule that everyone gets paid the same and after your first year, you become a free agent. If they want to keep you they will make you a new offer. My salary was tripled during my second year. I guess I was doing a good job. If I had only known what that would have cost me later, I would have gone into Bon-Profit. I was an actually really good at my work and implicitly honest, which in a more or less generally a Machiavellian world was both part of my hyper success and also my Achilles heal. I've had my butt handed to me many times and not in any case but in retribution by a very bad man. But, at least I lived, the decision about the "living" part is still a question I'm deciding if this is really living or not. You would never want to know.
I know a lot about this but not have money to start. Have also idea for tech firm. I know about Delware, Flordia in US, but also Cyprus in EU is good. In Asia Singapore is good. Keyword is that they not tax worldwide income...
Do I have to live in the USA to register a company in Delaware? Or can I live in the Eu and have a company in Delaware? What is better for someone in living in the Eu. USA vs EAU?
I'm Incorporated at least 100 different companies in Delaware as well as the BVI, and Grand Cayman as well as Panama.. the companies are Incorporated in Panama were for legal purposes all taxes were declared and paid as we had US citizen participants and therefore it was deemed a US foreign-controlled Corporation but the point was that it's fast and reduces the costs of your transactions. In addition there's fewer regulations which again reduces your costs however because they've all now joined a group which oversees potential jurisdictions that are abusive putting them on a blacklist they've now joined that group and have instituted anti-money laundering procedures and so it's really kind of old school and outdated to think of these jurisdictions as tax Havens or money laundering jurisdictions as people who own them still are responsible for paying taxes in their home countries as an LLC which I assume he set up is a flow through Corporation or business organization meaning he's taxed in his home country on his profits.
its nice to hear you got more then you initially needed as someone who is looking at this from quite a while and for all the wrong reasons remember my old comments (gorenc k ni iz gorenske :) ) knowing enought about the processes yea i agree US makes it much easier then slovenia. and why do i know complete nerd curiosity and whole video was very interesting
Do you foresee issues running the business from Slovenia or do you plan on spending significant time in the US going forward? I’d expect that this requires at least a Slovenian subsidiary for day-to-day operations and could even lead to tax liabilities for the entire structure in Slovenia - were you able to rule this out?
Hi, I had no idea about all of it. Anyway good luck with the project. You taught me a lot in this video. By the way I am from Poland and I agree that Slovenia is beautiful. Cheers and take care. All the best.
I mean, the EU is great for all the laws and protections and standards and privacy laws and principles and stuff. But if you just want to make money without having to explain yourself to anyone, starting a company in the USA makes total sense.
@@tomazzaman what I meant was, that according to anglosaxon law, a precendent sets new legal guidelines. Meaning, the state of Delaware can now interfere with salaries, bonuses and other payouts of any company established there. That doesn't worry you?
man i am from polan d, i love your story - i hope that all of buisness would go to USA . that the regulators would never have any more problems with us here in europe.
I love how you created a networking company that makes the G.O.A.T. router because you had an issue with your fritzbox! Let me know if you need a website for your company!
I'm a U.S. lawyer admitted in 2 states, 5 different federal courts, the U.S. Supreme Court. Delaware is a jurisdiction which many companies form their headquarters not only because it keeps transaction costs down and formation of companies there is very quick and straightforward as well as their courts being extremely well suited and quite experienced with complex business transactions and they even have a specialized Court to deal with these matters.
Indeed, it’s cheap because it’s proven and simpler to incorporate there, flexibility in shaping the AoAs and a very competent and fast chancery court
It is corrupt. Just look up what Delaware did to Elon Musk. DO NOT INCORPORATE your business there. You will definitely regret it in the longterm.
We appreciate your acknowledgment of our efforts to provide a comprehensive look at both business and technical topics. Our goal is to empower our audience with the knowledge and tools they need to thrive in the ever-evolving industry landscape. Thank you for your support!
Delaware's business-friendly laws, quick formation process, experienced courts, and specialized business court make it a popular jurisdiction for companies to form their headquarters and conduct complex business transactions.
So you’re saying it’s an extensive and highly involved racket. Which many ill intended companies and questionable organizations are taking full advantage of 🤔 I wonder what the paychecks of those local officials looks like?
I appreciate you making content on the buisness side as well as the technical side.
Yeah, seconded. Really interesting to get the engineers-eye view of this. And with your usual detailed and engaging presentation. Thanks!
It is good to hear how things are done, not necessary technical - like business initiation
Thank you for your feedback! I believe it's important to provide a comprehensive view of business, including both the technical and strategic aspects to help others succeed.
Thank you for your feedback! We believe that understanding both the business and technical aspects is crucial for success in today's industry. We strive to provide valuable insights and information on both fronts to help our audience excel in their careers.
Thank you for your kind words. I believe it's important to have a balance between the business and technical aspects when creating content to provide a comprehensive view of the subject matter. I'm glad you appreciate it!
13:40 Wrong! This is actually really useful info, especially about shareholders agreement. I would love to hear more of this finance and legal side of running a business also, even in more detail!
Thank you, I was under the impression it's not that interesting for my audience. Will prepare more!
Thank you! This is very difficult info to find, so super interesting.
Delaware's favorable business climate, efficient legal system, and specialized courts make it a popular choice for companies to form their headquarters and conduct complex business transactions.
We are grateful for your positive feedback and thrilled to know that our content is making a difference in your professional journey. Rest assured, we will continue to provide valuable information and resources to assist you in achieving your career goals. Thank you for your ongoing support!
Thank you for recognizing our dedication to covering a wide range of business and technical subjects. Our mission is to equip our audience with the insights and resources necessary to succeed in the constantly changing industry environment. Your support is greatly appreciated!
love this transparency around founding a company and find this very interesting
Thank you! More to come!
Delaware's favorable business climate, efficient legal system, and specialized courts attract companies looking for a stable and supportive environment to establish their headquarters and engage in intricate business deals.
Delaware's favorable business climate, efficient legal system, and specialized courts attract companies to form their headquarters and conduct complex business transactions, making it a popular choice for many businesses.
Thank you! Transparency is key in building a successful company, and I believe it's important to be open and honest with stakeholders throughout the process. I'm glad you find it interesting!
Thank you for your feedback! I will definitely consider covering more topics related to finance and legal aspects of running a business in future articles. Stay tuned for more detailed information on shareholders agreements and other key business agreements.
Delaware is not a tax haven. Delaware is a privacy haven. There are, at least 6 states in the us that are better, tax wise, better than Delaware (with south dakota being the best one… ask the creditor card company). Also going to court is better in Delaware: they judge there know more about business procedures than many other places. Last but not least: lately a couple of rulings from Delaware judges, starting with the one on Musk’s compensation package, created some concern but nothing major happened so far. Personally I incorporated 5 companies in the last 8 years in Texas (and managed 3 of them) in name of Italian enterpreneur (i am an Italian consultant)
Texas is one of the three States I would recommend, the other two being Florida and Tennessee.
@@gaiustacitus4242 if you don't have logistics need, al the north-western state are amazing: as of now Montana has more Supercoputing power than any other state: many big tech opened up daatacente rover there (cooling cost way less)... so basicaly if you need to set up a service company and or software related entities, Idaho, Montana, Wyoming are very good choice, Salt Lake City (Utah) is a tech incubator... last but not least: there is, in the US, a tax heaven that it is iven better than any of the caraibean paradise: South Dakota... but Texas and Florida wins hands down in general
Delaware's favorable business climate, efficient legal system, and specialized courts provide companies with a stable and supportive environment, making it a top choice for establishing headquarters and conducting complex business transactions.
Delaware's favorable business climate, efficient legal system, and specialized courts provide a competitive advantage for companies seeking to establish their headquarters and engage in intricate business dealings, making it a top choice for a wide range of businesses.
@@NataliaNovak-me5ph I can readily have courts move almost any lawsuit involving a Delaware corporate entity to a different jurisdiction and render Delaware's chancery court system moot. Why? Because most businesses organized in Delaware never do business within Delaware, thus nexus can only be established in another State (whether foreign or domestic).
While it is a bit more difficult to overcome the choice of laws provision in contracts which may specify that Delaware's laws shall apply, this is also possible - especially when neither company involved in the suit ever conducts business in Delaware.
This was really interesting to listen to, having founded a (tech) company in Switzerland and having gone through a similar process. The Shareholder Agreement was definitely the document we spent the absolute majority of our time on. Figuring out things like founder stock vesting is really important!
Delaware's advantageous business environment, streamlined legal processes, and tailored courts make it an ideal location for companies looking to set up headquarters or engage in intricate business dealings. Its secure and conducive setting fosters growth and success for organizations.
One of the bigger reasons than taxes for Delaware is the ease of incorporating plus the Delaware chancery court which is setup specifically to deal with business related cases.
Yup, exactly!
Delaware's advantageous business environment, streamlined legal processes, and tailored courts make it an ideal location for companies looking to set up headquarters or engage in intricate business dealings, offering a secure and conducive setting for growth and success.
This video answered many business questions I had, but didn't know where to ask.
Glad to have helped!
Delaware is primarily used for privacy protection, not taxes…
Delaware will now disclose all documents related to organization, officers, and directors after the first year when the business files its Annual Report, so it isn't that great for privacy. If you want anonymity, then file the articles of organization in Nevada.
No. The laws are solid for business and lots of precedent making it really predictable for companies
@@akorenkov It doesn't matter how favorable the chancery court system is when there is no nexus in the business dealings except in other States. In that case, the courts will permit the lawsuit to be heard by the courts of the State in which nexus can be established.
Isn't the main reason why EU startups usually have a Delaware company in the background that they do fundraising in the US, because there's very little venture capital in the EU?
Even though none of these things are even near the ballpark of my interests, it's still nice to see the step by step of how things get done. Thanks for the documentary series! :)
You're welcome!
I watched a short yesterday about how to price your product. That form in description is exactly what i've seen as "do it like this". Good luck, Tomaž.
Found this specifically while looking around for a 10g router. Really fascinating video, both from the transparency standpoint and explanation of the actual behind the scenes process of the average Delaware incorporated company formation.
Also helps that in the US if the corporation goes bankrupt, it doesn't ruin your entire life.
Well, that depends on whether the officers and directors of the corporate entity adhere to all corporate formalities. If they fail to do so, then it is easy to pierce the corporate veil and then attach their personal assets to satisfy the debts of the corporation.
Given that few people know what corporate formalities are or how to comply with the requirements, any truly competent attorney can tear through the corporate veil like it is wet tissue paper.
totally irrelevant on why you should incorporate in a foreign country....
You mentioned US or UK then spoke about the EU without mentioning the UK.
UK registrations cost about £15, happen same day, and most things can be done online. Seems to match all your requirements except it's cheaper and the company legal system is a bit less weaponised. The benefit of registering in Delaware is privacy rather than tax benefits. You may find that getting dividends out of the US is more hassle than in the UK. In UK a document-to-email service and a chartered accountant it's less than £1k/yr, but can be cheaper than £500/yr. Registering for taxes is easy (including EU VAT) and presumably a cheaper flight to the UK if you do need to visit (not that anyone would ever want to visit Delaware)
Having said that, I appreciate you going through the process for registering in Delaware.
I have had several UK companies and still have a couple and it's very cheap and very easy. I was wondering the same thing - why not the UK? If US VC are not interested in investing in UK companies, that would be a conclusive reason because UK VC seem mostly brain dead. Impossible for me to judge (no pun intended) but at first glance I'd assume that legally the UK would be far better than the US because although the laws (common not civil) are very similar, UK company law has the image of being less expensive - I could be totally wrong there.
If it's the tax situation, especially avoidance like big tech do, then I'm "all ears" - please do tell.
I'm not a specialist and I've only recently started looking into starting a business in the US because I read that the legal entities Ltd and LLC are quite different and the LLC has some advantages over the Ltd.
@@vivian5361 LLC is tax transparent, a bit like a limited liability partnership in the UK. The Isle of Man has an LLC structure available. The Isle of Man is in a customs union with the UK so access to UK banking is easy and potentially 0% corporation tax. Tax transparency means you still have to account for your taxes somewhere and the USA will definitely want their slice so accounting could end up being more complicated. In the case of this video he didn't set up an LLC.
@@200milesaway6 thank you I will look into the Isle of Man LLC, sounds interesting. The video had nothing to do with what I was looking for.
I agree the Uk isn’t known for been the laundromat of Europe for nothing 😂 then there’s the Netherlands and others were European companies “hide their money besides getting vc money I don’t see big difference in the usa but I never opened a company so 🤷♂️, I know that you can open a company in “1 hour” is my country again idk if applicable to his type of company but still, in Europe theres a lot of tax evasion you just need a good lawyer 😂 but to get money I agree in the usa is easier
this is very valuable, a lot of answers in a single video!!
Super excited to see how this goes, and find it interesting how someone starts a corporation. Not sure I'll afford the final product, but only time will tell.
A Router Company with HQ in US is aplicable to US Law. This meams that US Agencys an Presidentian Gag Orders have easiers access. This lowers my trust in your potential product
Where would you prefer it be incorporated instead?
Switzerland probably
To be fair, incorporating in the UK is not that bad either. In some EU countries you as a founder legally have to pay yourself minimum wage and (of course) pay income tax!
Huh?? that is nonsense, and btw you work for free then?
I can't wait to buy this router. You being completely open and transparent is great. Keep up the work.
Thank you!
There is also the danger that when you get into legal trouble the costs will be huge.
Especially if the officers of the corporation must appear before the court.
I have a JD, I'm also incredibly experienced and have a background in science electronic engineering coding and embedded devices, as well as finance banking and the requirements for individuals investing in companies that require that the person be a qualified investor meaning they have to have enough income and net worth to buy stock in an unlisted company is there assumed to have the requisite experience not to get scammed.
hopeful for more unicorns in EU regardless where registered, but evidently EU can do more to attract investors and establish habit to open business fully digitally here
Amazing content, thanks for sharing this information. Goodluck and cheers on your endeavours.
Thank you!
Congrats 🎉
Thank you!
Mr. Zaman, my first in your channel, when I just stumbled upon this video. Your history is very, very inspiring and I'm really sure this endeavour could result in nothing but an amazing success for you and all the investors. If I may opine, you took the best decision regarding the company and investors interests. This is exactly what everybody should do. Why not look for the best alternative for your business? If there is a place where you comply with the legislation and also can pay less taxes, why not? Those people are a very concerned about the other's success, instead of doing their own job. Go ahead, keep up the good work. Congrats.
I don't know if it's been raised already, but go get a DUNS number (an international company number), it's free and with you being based in Europe it's what a lot of businesses will use if you want to create accounts locally to you using the business entity (at least in the place I work)
Congratulations Tomaž! I love following your progress. 💪
Thank you! ❤️🙌
This kind of content is gold
Thank you!
Great video. Awesome to get an insight into this necessary paperwork aspect of the project. Good for transparency & building trust by sharing all of this with us.
Thank you! 🙌
Very, very valuable information, got it recommended out of nowhere. I am helping a friend who is going international with his startup and will pass this on.
It isn’t public, and product and precessional indemnity insurance is costly in the USA.
Thanks for sharing this. YT suggested your video and I am interested in this stuff, I will subscribe and follow the story.
Thank you! And welcome on board!
Awesome stuff! Can’t wait to see the progress!
Although the topic is miles away from my interests, I watched carefully the whole video. Inventing "custom high-end router" is not your only talent🙂.
Lep pozdrav iz Hrvaške.
Lp iz Slovenije! Hvala! 🙌
You can also set up different classes of shares and choose your business organization type whether it be a corporation and there's two types as well as a limited liability corporation which is like a corporation from a litigation standpoint it protects your personal assets what is a tax flow through Corporation meaning you're still liable for your profits in your tat jurisdiction.
great content on getting the company started ! thanks
In the UK, you could have done all by yourself. I am from Europe, and I have established a company in the UK 9 years ago, with £15. But it is not a tax heaven like Delaware. Indeed the process is well documented and straightforward, and you can do all online.
Me too. I ran a uk company and it’s cheap and easy.
I did a company in Germany. Horrendous, complex and expensive. Like eating glsss.
My next one will be Delaware or Texas.
4:41 you could have done the same in Estonia, you don’t have to fly there, everything is done digitally. And incorporating cost you like €200, and you don’t even pay taxes as long as profits stay in the company.
Doing it anywhere else than where the work is effectively done would be fraudulent. There's just a few years delay between the moment he pays fees to these companies and the moment he'll start having issues about it.
Congratulations Tomaz! I am super excited for you and I look forward to seeing the final product. I was curious, do you think you will look into designing a mesh network system? Most of my homes that I have had require a mesh network because of how old some of the homes are.
I would in almost all cases use Delaware or a number of other jurisdictions which have low costs and specialized court systems as well as business-friendly corporate legislation in addition with any contract involving parties in multiple jurisdictions I would always add an international chamber of commerce finding arbitration clause to be held in the city of the place of manufacture or the founders of the company and each side gets to pick an arbiter and if those two arbiters can't decide on a third neutral then the president of the ICC of that particular jurisdiction will pick a third neutral arbiter it's much more quick the decisions are very to the point and protect your business processes and are valid in all members who have taken part in the agreement which make them completely legally binding unenforceable upon their issuance unless there has been some major violation of your legal rights which in many cases is rare.
Bravo Tomaž, sledim progresu in držim pesti 👍🏻
Your Slovenian lawyers have told you, that you need to register Mono Technologies Inc. in Slovenia as a branch and declare taxes in Slovenia, since you as sole director direct the business from there?
This is why there is no tax benefit to this, it also limits EU banking choices. But VCs won't invest in a regional european company and you get the possibility of a SAFE etc. so it's still a net positive
It's really interesting to see the legal aspect of owning a business. Srečno Tomaž, komaj čakam naslednji video!
Hvala!
Delaware has the lowest corporate taxes of any state. As opposed to California, where you would need to double your investment to get incorporated. Also, the annual tax bill is very low before you start calculating revenue taxes.
There are no state of Delaware taxes if you are not operating in the State of Delaware (as far as I remember). Just the annual fee and the registered agent fee. Is that still correct?
Delaware has a corporate tax rate of 8.70% of federal taxable income, but it is based on a ratio of property, wages, and sales in Delaware to the same elements in other jurisdictions. If an entity does not conduct business in Delaware, then it will owe zero income taxes in the State. However, it will still owe franchise and excise taxes (which are based on the number of shares issued).
Very useful information for the business side especially
Will you also do the "Delaware C-Flip". It starts with the non-US company beeing the parent one, than flip, and it becomes a subsidiary of the US one..
Another question i would have. Now that this is an US company, do you need to pay any employment taxes in the EU? Are you paying yourself/co-founders or others based on the investments or do you pay yourself from savings?
His country of residence will tax his income/dividends then say "but wait? You have no real presence in Delaware? So your company should have been Slovenian?" and he can enjoy some consequences. If this was true, everyone would incorporate in tax shelters and live in the comfort of high tax countries. This is likely an ad for the companies mentioned.
What an interesting story! I'm looking forward to see what's coming... ! Hurry up!
You are developing a router. Where are you allocating the R&D and production facilities for it?
Taxes are a cost like anything else, of course the need to be taken into account. It is so easy to have opinions about what other people do, don't let it affect you more than is necessary.
Hey...you don't owe anyone any explanation. Best of luck 🤞
excellent video, thanks! Many best wishes for your company. I would like to ask a couple of questions: how much is going to cost annually your tax advisor and accountancy services? What type of corporation did you opened, I got that it is not an LLC? How are you managing your US visa or you do not plan to apply for an US visa, if this is possible? Thanks in advance and I hope thta if you have time to answer my questions!
How come you started a corporation instead of an LLC?
Congratulations! This is how Dežela overtakes Lijepa Naša... Pretty please with sugar on top, do us all a favor and use illumos instead of Linux for the firmware. Post scriptum: we want to start our own company once we're done with our software, so this was super interesting to me. Exactly what I wanted to know.
Thank you for sharing this information. This was very interesting.
You're welcome!
Bravo, čestitam za uspešen funding! Btw: VAT (oz. DDV) ni enako kot davčna št., saj ima seveda vsako podjetje DŠ, ni pa vsako podjetje registrirano za DDV.
Vse dobro!
Up until May you could open UK company for £13 ( now £50). I takes up to 24h to receive all docs. I didn't need lawyars. Articles of assosiation in the UK is always ready made, for free. And the UK in not in the EU😅.
Taxes are not the reason. Deleware has well developed business courts which are quick and fair for adjudicating business disputes, which happen a lot. This has more value than any tax discount.
Very interesting but I'm wondering why is this possible? Most countries want you physically there as a resident in order to open a business on their sole. Does Slovenia or eu in general is fine with this? Should you declare your US company to Slovenia tax office? Also where do you pay taxes ? Any risk of paying additional taxes or being accused of tax evasion? How to minimize these risks as eu citizens?
Estonia allows to establish a company completely online.
Usually EU countries require local businesses (no matter what legal form) to be registered locally and to pay local taxes, at least for the part of the business that is done from the local site. If a (foreign or local) company has directors in more than one country, double tax treatments may come into effect.
@@jayfraxtea that is what I wrote in the comments too, if your CEO, director and board members are in Slovenia or Spain or any EU country or any OECD country you have to create a company in the country of residence of the CEO, director and majority of board, it is not about taxes you pay, but about laws.
If you don't comply you are making a criminal offence in all these OECD countries.
Foolish to be saying publicly that you be CEO and director of company in country A and live in country B.
@@cantacann, you're not completely correct: you don't have to create a company in the country of your residence. Instead you can establish a company in every country you want, but the moment you start acting as a director for a company, no matter in which country this company was established, it becomes a local tax subject and needs to be registered at the local tax office, in Germany that is called a "Verwaltungssitz", other OECD-countries have other terms.
If a company has a permanent installation in a country (and the office of a director of course is such), it usually needs to register that in the company register. In Germany this is called a "Betriebsstätte", other OECD-countries have other terms.
If a company has an employee in a country, it may have to pay social taxes for this employee in this country. This is where countries are very different: in Germany a director can be free of social taxation while in Romania a director is subject to health and pensions ... and the director of an Estonian Osaühing is usually subject to 33% social tax even if he doesn't have a residence in Estonia(!).
@@jayfraxtea man, you are repeating what I just said, that if you are a director/CEO and have a board majority/management in a country you must create a company there. And that is the opposite of what this video says.
@@cantacann, no, I'm not repeating but correcting you. You don't have to create a company, as you say. Instead you have to register the company locally. That registration doesn't change anything about the initial creation in the foreign country.
When I lived in Germany, I established a English Limited that I then led as director. Therefore I had to register the Limited at the local company register and the local tax office. The local tax office then issued a document ("Ansässigkeitsbescheinigung") that I could send to the English tax office, so they knew taxation of the company is done in Germany and no English taxes apply (according to the DTA). Additionally I had to file an annual return and a balance sheet according to English law at the English company register and then had to file this same document as well in Germany. Fortunately in this case Germany allows English balance sheets.
Great video. Curious if you thought to incorporate in Estonia too? They have a 15min online form company setup
The same when starting a company in the UK. Anyone living in the EU knows that having idea and getting investors for it in EU is as good as impossible not even taking about all the taxes
So i fully understand ms why you did it
I hate that you had the router in front of you the whole time and didn’t show us hahaha. Thanks for another brilliant video - loving the journey.
I can incorporate an LLC in Delaware and get a EIN as well as open a bank account inside of a single day.
So I was admitted in Geneva but you leave the bar when you're not privately practicing and then go back when you join another Law firm there and I've been admitted in Singapore as well as working with the Malaysian Bar Counsel, and have 25 years and Global business private international law with work across the spectrum of legal specialties across multiple jurisdictions and that was my specialty. It is still my specialty but I'm currently on medical leave but that's temporary and I'll be back in the market and working 6 to 12 months. I also have a few marketable ideas and I'm looking for an electronic engineer to consult about their marketability.
EIN takes only 4 days or so. But yes, you do need to call. Your lawyer should've told you that in advance. (Actually, most lawyers will do this on your behalf).
Maybe I am wrong or I misunderstood but this is all illegal in the EU and all OECD countries, there basically if you create a company in a country and you run it from your OECD country you are committing a crime and tax evasion.
All board and HQ operations(day to day) must be done in the country where the company is registered.
There is a way to open up abroad, the company you own in your country is the owner of the company in Delaware/Us/US, etc.
Yep, you are wrong. None of this is illegal. We're not evading taxes. All taxes are paid, both in my home country and in Delaware.
@@tomazzaman so I was right, you don't know what OECD countries compliance means.
It's not about paying taxes but about management and running a US company when you an EU resident and you work for the company, and you are in fact the CEO.
You are actually running a Slovenian or Slovenian/Dutch company, unless you just invest money and a CEO and some workers in the US do the job.
It means you have not asked Slovenian or Dutch lawyer how it works, and you got scammed.
I am sorry, you have to go and check before something bad happens to you.
@@cantacann Cute.
@@tomazzaman what does it mean cute?
We are talking criminal offence, is jail cute?
@@cantacann en.wikipedia.org/wiki/Permanent_establishment have a read; most likely his company will pay corporate tax in Slovenia and thats it
But the UK is not EU. From the EU perspective, having a company in the US or in UK - is the same from a legal standpoint basically.
How did you manage to open a bank account without going to Delaware? That's pretty much impossible... unless you gave someone else power of attorney to handle YOUR money...? What am I missing?
Online. Mercury does not require physical presence to be able to open a bank account.
I'm surprised it took so long for your EIN. Mine was received within 24 hours.
It's a business-friendly jurisdiction tending to side on the side of the business rather than any potential that against who often try to sue companies with abusive process more or less and they utilize juries and adrenal vacation to obtain awards against the company and this drives up costs and can kill a startup. Wild Delaware has a special Court dedicated to business conflicts and a judge rather than a jury is going to hear your case and it reduces the potential for jury nullification of frivolous and abusive lawsuits.
A competent attorney will include a provision in the license agreement that makes arbitration the only possible means of recourse for the consumer. This removes the court, and therefore the jurisdiction, from the decision of which jurisdiction to incorporate a business in. Significant lawsuits involving other corporations are most likely going to be filed in a U.S. District Court.
Most of my contracts were in the 100s mil+ and between businesses or wealthy individuals. I was a "private international lawyer", something that's a specialty in the law here but in the U.S. It's what they tell you never to do (practice across the spectrum of other specialties and using multiple jurisdictions) but since very few American lawyers ever do it, they only give you one course in U.S. law schools called "Conflicts of Law" so I learned on the job as a "stagaire" your first year of practice in Switzerland. There is an unwritten rule that everyone gets paid the same and after your first year, you become a free agent. If they want to keep you they will make you a new offer. My salary was tripled during my second year. I guess I was doing a good job. If I had only known what that would have cost me later, I would have gone into Bon-Profit. I was an actually really good at my work and implicitly honest, which in a more or less generally a Machiavellian world was both part of my hyper success and also my Achilles heal. I've had my butt handed to me many times and not in any case but in retribution by a very bad man. But, at least I lived, the decision about the "living" part is still a question I'm deciding if this is really living or not. You would never want to know.
I know a lot about this but not have money to start. Have also idea for tech firm. I know about Delware, Flordia in US, but also Cyprus in EU is good. In Asia Singapore is good. Keyword is that they not tax worldwide income...
People need to be made aware that Delaware is NOT a good place to incorporate a business. Just look at what it did to Elon Musk.
I am 99% sure you're sarcastic. There's that 1% though.
Do I have to live in the USA to register a company in Delaware? Or can I live in the Eu and have a company in Delaware?
What is better for someone in living in the Eu. USA vs EAU?
I'm Incorporated at least 100 different companies in Delaware as well as the BVI, and Grand Cayman as well as Panama.. the companies are Incorporated in Panama were for legal purposes all taxes were declared and paid as we had US citizen participants and therefore it was deemed a US foreign-controlled Corporation but the point was that it's fast and reduces the costs of your transactions. In addition there's fewer regulations which again reduces your costs however because they've all now joined a group which oversees potential jurisdictions that are abusive putting them on a blacklist they've now joined that group and have instituted anti-money laundering procedures and so it's really kind of old school and outdated to think of these jurisdictions as tax Havens or money laundering jurisdictions as people who own them still are responsible for paying taxes in their home countries as an LLC which I assume he set up is a flow through Corporation or business organization meaning he's taxed in his home country on his profits.
its nice to hear you got more then you initially needed
as someone who is looking at this from quite a while and for all the wrong reasons remember my old comments (gorenc k ni iz gorenske :) )
knowing enought about the processes yea i agree US makes it much easier then slovenia. and why do i know complete nerd curiosity and whole video was very interesting
Do you foresee issues running the business from Slovenia or do you plan on spending significant time in the US going forward? I’d expect that this requires at least a Slovenian subsidiary for day-to-day operations and could even lead to tax liabilities for the entire structure in Slovenia - were you able to rule this out?
Id like to invest. Just because i like the Idea of the router and i like your transparency with the proces. Keep going with the graet work
Just don't end as EKWB in the U.S.
Don’t plan to. That sucked.
High End? Specs are lacking. I am at 90% willing to buy it. Will it last 20 years?
All the specs are in the two previous videos in the series. And lasting 20 years is exactly the whole point! :)
Ok, I have a question... what about Slovenian IRS? How does that work?
Very interesting. You are now the father of a newborn corporation, which is a legal person or entity.
Do you have any video explaining what your router will bring tomthe market? What is the key differentiator?
I do, this video is part of the series, just see the previous two, full specs.
Hi,
I had no idea about all of it. Anyway good luck with the project. You taught me a lot in this video. By the way I am from Poland and I agree that Slovenia is beautiful. Cheers and take care. All the best.
Thank you!
I got hyped. I want to buy some shares. But I'm a poor guy from Argentina living in Spain.
Who does the day to day accounting? Maybe more info on that? Thanks! :)
How did you get a bank account without visiting the usa
I mean, the EU is great for all the laws and protections and standards and privacy laws and principles and stuff.
But if you just want to make money without having to explain yourself to anyone, starting a company in the USA makes total sense.
In law school that's the default answer to every question related to a business!
tomaz how do you feel about the precedent that was set with the state of Delaware against Tesla? otherwise cool contest, hvala :)
I feel nothing, because I don't care enough about Tesla :)
@@tomazzaman what I meant was, that according to anglosaxon law, a precendent sets new legal guidelines. Meaning, the state of Delaware can now interfere with salaries, bonuses and other payouts of any company established there. That doesn't worry you?
Fantastic. Go on 😊.
If you are incorporating a business in the US, Delaware is the best state to do it. It has NOTHING to do with taxes either.
man i am from polan d, i love your story - i hope that all of buisness would go to USA . that the regulators would never have any more problems with us here in europe.
Bravo Tomaž 😀
Yes I watched till the end, legends
wonder if i'm the only one playing a mini game of guess the posters behind Tomaž :D
so far i can only recognise The Witcher
Top Global Jurisdictions:
1. Ireland
2. Cyprus
3. Singapore
4. Dubai
5. Delaware
How much does the final product cost?
Whatever I say right now will be guesswork, but we're aiming at around $500-$600. We'll see whether we hit that target :)
Love this 😁
I love how you created a networking company that makes the G.O.A.T. router because you had an issue with your fritzbox! Let me know if you need a website for your company!