Re:Why sclerotic California hasn't yet stifled the extraordi...
by DaniFong on Saturday May 29, 2010 @01:32PM
(#1388974)
I was once asked by a Ghanaian student at Princeton how long it took to become incorporated.
"What? I don't know. A day, and month? Something like that?"
"and how much!?!"
"Dunno. $150?"
"My god -- I thought incorporation was the hardest thing."
That's because in Ghana, it is. 3 years to get a permit! I suspect if you bribe the right people it would take only one year. But still -- a big advantage the US has in starting companies is that, somewhat tautologically, it is easy to.
"What? I don't know. A day, and month? Something like that?"
"and how much!?!"
"Dunno. $150?"
"My god -- I thought incorporation was the hardest thing."
That's because in Ghana, it is. 3 years to get a permit! I suspect if you bribe the right people it would take only one year. But still -- a big advantage the US has in starting companies is that, somewhat tautologically, it is easy to.