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- #61
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- Oct 28, 2020
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I'm doing everything from my account, but I'm restricted as to what I can do as a retail trader in the country of operation. Furthermore:What's the benefit of creating such a company if you don't get any outside investment?
Couldn't you do all the same stuff in your own account then?
Or you are planning to later get investors?
1. Considerable tax benefits (in the country in which I am operating from)
2. Scalability - possibility to open up to investors / customers later (actually by default, it starts with 1 customer - me), hire new staff / contractors later, easier for international operations, etc.
3. It exists as a separate entity from my own existence - Decoupling. This gives me personal freedom to manoeuvre.
It would make sense even if you choose to apply the CENTS framework to answer your questions.
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