alt Hacker NewsIt is not the same all over the world. Starting a small company in the US is a breeze compared to what I’ve watched peers in the EU fight against.
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formerly_proven • today at 3:05 PM
Interstate commerce also seems to be vastly easier inside the US in comparison to the alleged single market of the EU. The most companies seem to deal with is California-specific regulations. Meanwhile, most companies in the EU eventually opt to create a ton of subsidiaries, basically one per state, to handle all the localized duties that the EU requires.
Back in college (USA) friends would spin up LLCs for the summer just to buy mowers or vans to do yard work. They would hire all the students who didn't get summer jobs. Those hired students would make about 3x a STEM intern makes in western europe today.