Life for a startup on the receiving end of a patent law suit

Re:Life for a startup on the receiving end of a patent law suit by cpursley on Friday July 19, 2013 @05:33PM (#6073088)

Look into a Nevis LLC or IBC. Pretty cheap to start ($2k USD) modeled after US Delaware LLC and they have a stable British based law system. Anybody who wants to sue you must post a $25k USD bond to the Nevis government before even proceeding. And this doesn't include the money they'd have to spend to fly down, hire a local attorney and then sue your company.

http://www.nestmann.com/nevis-llcs/

Edit: I see you're from Bolivia. A Panama corporation might be a better choice for you. They'd have to first hire a translator to sue you : )

[ Parent | on HN ]

Re:Life for a startup on the receiving end of a patent law suit by rfctr on Friday July 19, 2013 @11:30PM (#6074229)

> Anybody who wants to sue you must post a $25k USD bond to the Nevis government before even proceeding.

Why would they do that? o_O

They will file at their local US court. You're free to sell to Nevis all that you want -- but do not come with your product into US until the US litigation is won.

[ Parent | on HN ]

Re:Life for a startup on the receiving end of a patent law suit by WildUtah on Saturday July 20, 2013 @12:03AM (#6074294)

Right! US Customs will just confiscate your network traffic at the border.

[ Parent | on HN ]

Re:Life for a startup on the receiving end of a patent law suit by rfctr on Saturday July 20, 2013 @08:28AM (#6075009)

The traffic is not interesting. Business transactions are; incidentally, the transactions are trivially blocked.

[ Parent | on HN ]

Re:Life for a startup on the receiving end of a patent law suit by lccarrasco on Friday July 19, 2013 @05:55PM (#6073217)

Thanks for the info, I'll look into it : )

[ Parent | on HN ]