Re:Ask HN: How Would You Charge for an MVP of a B2B SaaS?
by timarg on Monday February 04, 2019 @06:52PM
(#19081851)
Thanks! Incorporating is not a problem indeed (save for government shutdowns :), but opening a bank/paypal account is quite a challenge, particularly for a foreign founder...
I like the idea of the extended payment terms, but won't it be weird to issue the invoice as an individual?
And why it's awkward to have a friend's company name on the invoice? Provided it's not Cambridge Analytica or Theranos, of course. There are lots of products out there not matching the name of a legal entity..
Re:Ask HN: How Would You Charge for an MVP of a B2B SaaS?
by Robin_Message on Monday February 04, 2019 @07:00PM
(#19081894)
Kudos on successful trial btw.
If a bank account is a problem, then maybe do it through personal banking until you have the funds to make it not a problem. But do check how hard opening a business account would be; I was pleasantly surprised.
Awkward for your friend, not the company you're invoicing
Good luck getting them to sign and then making them happy!
Another option is to draw up some kind of contract with a price and payment terms (i.e. 30 days after you invoice).
Now, if you can get them to agree to this, you have at least a month, potentially two, before they even try to pay you. Long enough to decide if it is worth your time working out how to collect the payment.
Running the payment via another LLC is probably going to be awkward for them tax wise. Most jurisdictions allow for sole traders and you can probably use your personal account for now if that seems easier.
Disclaimer: I am not a lawyer or accountant. This is for entertainment purposes only ;-)