Meta in talks to reincorporate in Texas or another state, WSJ reports

Re:Meta in talks to reincorporate in Texas or another state,... by mattmanser on Friday January 31, 2025 @04:25PM (#42892264)

In the UK it costs £12 and takes 5 minutes. It costs between £300-600 per year for an accountant to file your accounts, and £12 for your confirmation statement.

And did when we were part of the EU.

Cheaper and quicker than America.

You don't incorporate in the EU, you incorporate in one of the 27 different countries.

All have wildly different requirements.

[ Parent | on HN ]

Re:Meta in talks to reincorporate in Texas or another state,... by egorfine on Friday January 31, 2025 @05:52PM (#42893308)

UK was vastly different from the mainland EU. You're right that the EU is not singular, but once we start talking of Germany, the Netherlands, France, etc. - we quickly hit regulations that bear no resemblance to a free market and some of which are incompatible with IT business whatsoever.

[ Parent | on HN ]

Re:Meta in talks to reincorporate in Texas or another state,... by orra on Friday January 31, 2025 @05:28PM (#42893046)

(These costs rocketed last year. Incorporation is now £50, and an electronic confirmation statement is £34.)

[ Parent | on HN ]

Re:Meta in talks to reincorporate in Texas or another state,... by fmajid on Friday January 31, 2025 @11:18PM (#42895603)

You also have all sorts of ancillary fees like the Information Commissioner’s annual charge.

[ Parent | on HN ]