Recent content by GodsGiftToThisGroup

Sure, let me explain what I would do with the lower end of my 95% confidence interval, $10k/year to $100k/year in steady state (let's say starting in 2035, after the service has been around for five years). The Algerian SARL (SARL is French for LLC) won't have to wait until 2035 to generate...

That's a non starter. For several reasons: 1) I don't want to develop the project myself. 2) The most I am willing to pay someone else to do it is Algeria's minimum wage. Right now, that's $147/month. It will most likely be around $150 a month during the 2027/2028 academic year. 3) Even the...

I don't know. And, for what I have in mind, it doesn't matter that much regarding the decision to proceed or not to proceed. Success has many forms. TLDR: it's possible for the project to never generate a dime in gross revenue, and for me to consider it to have been a success, and to be glad I...

I heard an online marketer on YouTube say this for his website(s) and other online marketing material after he moved outside the US and created a non US entity. He said he redeveloped them from scratch for his new non US entity. I am not sure how legal that is. If you got your hands on...

It turns out I don't need an entity for the first two reasons. Both can be accomplished with a Pre-Startup Founder Agreement. See https://www.forbes.com/sites/tinabaker/2011/09/19/pre-startup-founder-agreements/ and...

US LLCs are great for non US Citizens living outside the United States. They are terrible for US Citizens to hold IP that they might later want to transfer to a non US entity. From my quick search, a UK Ltd. holding IP is required to file tax returns. A non starter for a most likely low revenue...

I don't know. I know how to develop, in Java, desktop applications that do NOT interact with databases. I have no clue how to interact with databases. I have very little idea how to develop a web application. I have no idea what node.js is used for. Thanks Daniel for the SAAS templates. I am...

I have now!! ... At least enough of it to write off Cyprus for 2020s.

Based on https://ocbfconsulting.com/best-jurisdiction-for-ip-holding-company-a-2024-guide/ , it seems like Cyprus is good jurisdiction for what I want. Sure, it's not 0% tax. The 2.5% will require us to do some bookkeeping. But, as long as the company is low income, whenever we don't have time...

Yes. They have halted immigration to the island four to five months ago. But it's not because their Steve Bannon became the governor of the Pitcairns Islands. They had a crappy immigration system that only three people or so pursued fully in the last decade or two, and they are revising it. They...

That's quiet a mouthful. Here is a summary. A) In spring 2026, I want Yacine, who by then will be a junior student in Algeria, to sign a Confidentiality and Assignment of Intellectual Property Agreement. But I don't want him to assign any IP to me as part of that agreement. I want him to assign...

Here is what I have in mind for the flow of money. 1) Starting in 2030 or so, prospective customers would go to Goofer.com (not the real name), click on subscribe and enter their credit card number. 2) I will need to find a payment processor who will deposit that money into an Algerian bank...

I get the following error message when I click on the link: You do not have permission to view this page or perform this action. Is that thread reserved to premium members?

Which jurisdictions still don't require bookkeeping? Which one of those would you recommend for a low revenue operation. If worse comes to worst, I can always form a group of 40 people dislike bookkeeping as much as I do, emigrate to the Pitcairn Island, take over the government, and copy/paste...

I don't know why I would. I don't know what I don't know. I don't know what backup procedures big companies use to make sure the chances of losing customer data is almost zero. I have zero experience in SAAS. It's not programmed yet. I am actually planning on two web apps. An initial most...