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MenuWhere should I incorporate my SAAS startup?
I'm British, float between Portugal and Brazil. See my paying customers as being US, Canada, AUS, NZ and UK. Want the simplest structure, banking, accounts obligations and tax. Initially I don't need to draw revenue, my plan is to grow subscriptions, I expect to get attention, and down-road would entertain investment if that door opens. Initially my focus is simple old school approach of getting paying customers, and proving the business model works.
Answers
It's really impossible to answer this question without a fuller analysis of your specific tax situation. "Float between" won't be the terminology used in a tax treaty!
That being said, we've attempted to distill down different incorporation options at Incorporations.IO which is a free comparison tool for looking at global incorporation.
Also there are plenty of articles on our FlagTheory.com website which talk about tax residency, bank accounts, obligations in terms of reporting and more.
You should talk to an attorney.
Stripe Atlas could also be a good starting point.
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We are 3 Co-Founders in Ideation phase of our SAAS product.
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Unless you need to be incorporated to complete trial sales, market fit testing...don't do it. Wait until you can afford the couple thousand dollars it will cost you and or until you get an investor if you will go for one. a C corporation is most likely your best bet. Fairly is all on perspective. The original ideator shouldn't leverage that fact to get more. Equity should be based on time involved, possibility of the individual leaving, value added in the long term picture... once you get employees how critical will this position be? how critical is that value now? Whatever way you split, leave about 10-30% open for future partners or investors or negotiations of any kind.HV
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