Welcome to the Treehouse Community
Want to collaborate on code errors? Have bugs you need feedback on? Looking for an extra set of eyes on your latest project? Get support with fellow developers, designers, and programmers of all backgrounds and skill levels here with the Treehouse Community! While you're at it, check out some resources Treehouse students have shared here.
Looking to learn something new?
Treehouse offers a seven day free trial for new students. Get access to thousands of hours of content and join thousands of Treehouse students and alumni in the community today.
Start your free trial
Rodrigo Muñoz
Courses Plus Student 20,171 PointsBusiness: Third party project, outsourcing and international trades
Hi everyone,
I 've checked the business courses and there is still something I would like to know. First, if I want to work with someone I met online and it's from another country, how is the law about this kind of companies? How to hired? Also I've heard about crowdfunding and crowdcoding, how and when it is convenient to use these kinds of methods? First time I read about it sounds great but now I'm kind of confused
1 Answer
Pasan Premaratne
Treehouse TeacherHi Rodrigo,
Starting in a business with someone in another country can be a complicated affair, so go about it carefully. When you start the company, either one of you can form a corporate structure in your country and then treat the other person as a foreign owner in the company if the laws in your country allow it.
You have to be familiar with corporate structures in your country as well as tax laws regarding foreign ownership of companies.
On the other hand, if you are hiring someone in another country, it's not that complicated. You're just paying an employee. Again, you have to be familiar with tax laws though - paying a foreign employee means you don't have to pay income taxes for example; that falls under their responsibility.
Crowdfunding is another matter that isn't so straightforward. Again, it depends on the country you are in. The U.S. is iffy on crowdfunding and investors who partake in it have to fulfill certain criteria. The UK and Australia on the other hand allow it. Crowdfunding is useful when you want to raise money to start your company but don't want to approach larger investors or VCs. If you really can't finance your company on your own, either through savings or debt, then crowdfunding can be a viable option for you.
Crowdcoding though is something I'm not familiar with. I'll have to get back to you on that.
Hope the answers help :)