It may seem like a no-brainer to create a new legal entity in a country where you are wanting to set up a business. However, today’s episode is all about why this is definitely not the right way to do things, and where you should be focusing your time and energy instead!

If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is.

Today’s episode:

• [00:40] An overview of today’s super fun topic.
• [01:29] Why legal entities are more of a liability than an asset.
• [02:58] Cases wherein a FinTech founder may feel pressured to create a new legal entity.
• [07:20] Examples of major companies that delay the creation of new legal entities until it becomes really necessary.
• [08:23] What many FinTech founders don’t know about the process of creating new legal entities.
• [09:00] How creating new legal entities in different countries can be detrimental to the growth of your company.
• [12:35] The reason that you shouldn’t create a legal entity before you have built up a business in a certain area.

Show links:

• Interested in FinTech compliance? – Consider investing in the FinTech Compliance Self-Starter Package!

• I would love to invite you to sign up for my newsletter. If you are interested, please click here.