And if you like the slides, there will be a free video of the actual presentation online soon.
689 karma · joined April 21, 2011
And if you like the slides, there will be a free video of the actual presentation online soon.
Two person company in Toronto. One dev (me). Lots of big universities are clients, currently trying to expand to more corporate clients.
We charge customers according to the purchasing power of their country so it's cheap for developing countries. We are trying to aggregate all world legislation, convert it to English, and make it available to everyone.
Bylaws are hard to lookup and are city-specific.
My blog post on this topic: https://www.cameronhuff.com/blog/ontario-case-law-private/ and https://www.cameronhuff.com/blog/canlii-licensing-terms/.
Other problems include official vs. unofficial laws, slow consolidations, updates to the law (of various kinds) and attempting to normalize the world's laws to a US standard (like excluding municipal laws and avoiding guidance-type documents from civil law countries). These are problems Google doesn't have to deal with and customers expect a very high standard for legal search results.
If you're annoyed about the cost now, wait till you find out about major firms outsourcing work to India and elsewhere for routine tax work.
So, no, generally there's not "double tax". But yes, there is administrative overhead that could exceed the taxes if you're not making much money.
The main cost is hiring an accountant to do the tax return for you. Or figuring out how to do it yourself using software like TaxTron.
If you have employment income + your side project involves a lot of ongoing losses then it may be a good idea to use a partnership or sole proprietorship for tax reasons.
Talk to your lawyer/accountant. There are fewer lawsuits here so you may decide a sole proprietorship (unincorporated business) is fine. Each province has some equivalent of a "Master Business License" that allows you to use a name other than your own for business purposes (so you can cash cheques, etc.).
To conclude (for Canada): generally startups go with a corporation. Side projects might be a corporation, a partnership or a sole proprietorship.
I won Yahoo!'s international student programming competition in 2009 with this site. About a year ago it stopped working because of deprecated PHP functions. It had/has quite a few users but I've been too busy to fix it up. It could use a more nurturing home.
If you have your own legal counsel or tax advisors, we also recommend speaking to them as you decide whether and how to set up your business with Atlas." https://stripe.com/atlas/faq#taxamplegal