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Re:European alternatives for digital products by mytailorisrich on Monday December 20, 2021 @02:21PM (#29628912)
British limited companies are probably among the simplest and cheapest to incorporate and manage in the world but, well, the UK is no longer in the EU...

I have never understood why countries slap so much red tape and so many fees on this. The UK has got it right, IMHO: make it as cheap and simple as possible, there are only upsides [Edit: for society/the state] to people starting up a business.

Re:European alternatives for digital products by sgjohnson on Monday December 20, 2021 @02:45PM (#29629227)
Yup, costs £12 to incorporate, and it can be done entirely online. Then £12 a year to maintain.

The last time I incorporated a company in the UK it took a grand total of 35 minutes from start to actually having an incorporated company.

Re:European alternatives for digital products by Barrin92 on Monday December 20, 2021 @02:56PM (#29629385)
>there are only upsides to people starting up a business.

that is not true at all. The majority of business ventures fail and a lot of small businesses aren't productive, and at the end of the day someone needs to pick the tab up. Even Thiel used to say, don't start a business until you have a very good reason to.

What you actually want is to incentivize the kind of people to start a business who have a high chance of driving innovation and bringing about large, productive firms, you don't really want an army of self-employed people with low capital formation in a developed country.

Re:European alternatives for digital products by mytailorisrich on Monday December 20, 2021 @03:05PM (#29629540)
I meant that there are only upsides for society and the state. Sure the people and investors who start a business take a risk, but the state does not: If the new business fails the state loses nothing, if the new business succeeds then wealth and taxes are produced. So make it as simple and cheap as possible to incorporate and to run a business and reap the benefits later.

(I have edited my previous comment to clarify)

Re:European alternatives for digital products by Barrin92 on Monday December 20, 2021 @03:32PM (#29629927)
>but the state does not

the state takes a pretty big amount of risk and costs. Who pays healthcare, who pays maternity leave and social security in a fast and loose labor market like that? The answer in the US often is, nobody or the federal government.

In a country like Germany, France or in Scandinavia running a business is harder because there's an expectation that businesses can take care of their workers. A lot of red tape exists to make sure that a business can shoulder these things. In fact in Scandinavia eliminating unproductive firms through measures like wage compression was deliberately part of their social model to drive concentration and creation of productive firms.

There really are a lot of implications to creating the sort of environment that the US or to a lesser extent the UK has, and it doesn't work well with the economic model of most of Europe.

Re:European alternatives for digital products by emptysongglass on Monday December 20, 2021 @04:34PM (#29630604)
> Who pays healthcare, who pays maternity leave and social security in a fast and loose labor market like that?

Are you from Scandinavia? Because the state pays these things (except maternity leave) in Denmark, whether you're in a job or not, so no there really isn't a risk to the state. The only thing the business is paying for is your salary, pension (if they offer it) and other "bonuses" (if they offer them).

Re:European alternatives for digital products by Barrin92 on Monday December 20, 2021 @09:35PM (#29633160)
My wife is (and owned a business). As far as I'm aware that information is not correct. If I remember correctly in Denmark you have to pay mandatory social security (ATP), industry injuries insurance, a sort of vocational and training fee (AUB it's called I think), another labour market insurance thing with a triple letter name, and there might be another one if you have foreign workers. Denmark may still have lower labor related costs than the rests of Scandinavia and a somewhat more flexible system but it still has some of the highest labor costs in Europe and employers take a good amount of responsibility, and that's a vital part of the system. (and to note we never thought of it negatively).
Re:European alternatives for digital products by mytailorisrich on Monday December 20, 2021 @05:06PM (#29630970)
> In a country like Germany, France or in Scandinavia running a business is harder because there's an expectation that businesses can take care of their workers. A lot of red tape exists to make sure that a business can shoulder these things.

That's not true. Red tape is red tape, it serves no other purpose that perpetuating itself (and since we're on this topic there is much less red tape in the UK than in France or Germany.

If you're a business an hire someone then you have to pay their salary and any taxes to finance healthcare and other benefits. OK. There is no need for red tape for this or to make it difficult upfront to incorporate a company, just make it clear and simple to know what to pay and how to pay it when or if you hire someone.

Re:European alternatives for digital products by _-david-_ on Monday December 20, 2021 @08:49PM (#29632870)
>at the end of the day someone needs to pick the tab up

Only if they have debt. Some companies never take on debt and then fail.

Re:European alternatives for digital products by sgjohnson on Thursday December 23, 2021 @05:13PM (#29667102)
And that would be a non-issue, because the lender would be taking a calculated risk. Businesses of all size go bankrupt all the time.