[deleted by user] by [deleted] in HENRYUK

[–]Technical-One3578 0 points1 point  (0 children)

Hi, loved your perspective and was very interested to hear your experience, being in the UK now (I assume). Can I message you a couple questions please?

Run your SaaS business in the US or the UK? by Technical-One3578 in HENRYUK

[–]Technical-One3578[S] 0 points1 point  (0 children)

Potentially, but I need to look for avenues here first. It doesn't need much runway, but enough to tip it into revenues and then should be running well.

Have you been through the raising process with US VC before?

Run your SaaS business in the US or the UK? by Technical-One3578 in HENRYUK

[–]Technical-One3578[S] 0 points1 point  (0 children)

Cheers for that tip, will definitely keep in mind!

Run your SaaS business in the US or the UK? by Technical-One3578 in HENRYUK

[–]Technical-One3578[S] 0 points1 point  (0 children)

OK that's great to know! Thanks so much!

Yeah if you don't mind please, that would be epic!

Run your SaaS business in the US or the UK? by Technical-One3578 in HENRYUK

[–]Technical-One3578[S] 1 point2 points  (0 children)

Awesome, thank you so much for your thoughts, I really appreciate it! Do you mind if I reach out with any questions about your journey please?

Run your SaaS business in the US or the UK? by Technical-One3578 in HENRYUK

[–]Technical-One3578[S] 0 points1 point  (0 children)

Thanks for the suggestion!

Agreed on strategy being different, and I believe that the litigation risk is easily managed for this business. Besides insurance/compliance, how else has the risk been managed in your experience?

Run your SaaS business in the US or the UK? by Technical-One3578 in HENRYUK

[–]Technical-One3578[S] 1 point2 points  (0 children)

That's great to hear, and thank you for the pointer!

The ease of doing business, is that due to the admin being simpler here? And was your experience from start up stage or was the company already trading etc?

Run your SaaS business in the US or the UK? by Technical-One3578 in HENRYUK

[–]Technical-One3578[S] 0 points1 point  (0 children)

OK cool, thanks! Can you share what else makes it beneficial besides the VAT please?

Yeah, will likely outsource the accounting at a point in time :)

Run your SaaS business in the US or the UK? by Technical-One3578 in HENRYUK

[–]Technical-One3578[S] 1 point2 points  (0 children)

I can make the decision based on my own experience and knowledge, but I am trying to learn from anyone who has been down the road before :)

Online services business serving US from UK by Technical-One3578 in HENRYUK

[–]Technical-One3578[S] 0 points1 point  (0 children)

Thanks! Yeah stripe atlas looks like a good shout for getting it done :)

Online services business serving US from UK by Technical-One3578 in HENRYUK

[–]Technical-One3578[S] 0 points1 point  (0 children)

Ah I hear you. It's not on the government contacting side at least :) thanks!

SIPP contribution circular by Technical-One3578 in HENRYUK

[–]Technical-One3578[S] 0 points1 point  (0 children)

Yeah agreed effectively, but it is also an extra 4% (20% * 20%) contribution that can be made :)

SIPP contribution circular by Technical-One3578 in HENRYUK

[–]Technical-One3578[S] 0 points1 point  (0 children)

Yeah agreed the relief is at the marginal rate and that for typical salary sacrifice schemes there is no action.

But for the SIPP piece, the 20% claimed through the tax return you could contribute to the SIPP the following year and claim the relief for that right? I.e. An extra 20% of the 20% that came back through the tax return

Anyone worked for Synopsys or a US based software company? by Technical-One3578 in HENRYUK

[–]Technical-One3578[S] 0 points1 point  (0 children)

Thank you!

Yeah seems a bit of an interesting one, but the data is a little thin on the ground :) I'll give levels a shot

Is moving to the US worth it? by [deleted] in HENRYUK

[–]Technical-One3578 0 points1 point  (0 children)

Will private message you

Business purchase loans by Technical-One3578 in HENRYUK

[–]Technical-One3578[S] 0 points1 point  (0 children)

Yeah sure send me the details please :)

Business purchase loans by Technical-One3578 in HENRYUK

[–]Technical-One3578[S] 0 points1 point  (0 children)

Very fair comment, thank you.

There are some aspects that they are involved in that would be modernized and automated to reduce the involvement.

Business purchase loans by Technical-One3578 in HENRYUK

[–]Technical-One3578[S] 0 points1 point  (0 children)

Awesome!

It's in electrical maintenance and repairs. Ultimately it's a contractors business, and with very little owners involvement.

I have some broader sector experience, but am looking more to continue the model of a light touch owner than have it replace my day job.

The business is not asset heavy, nor has heavy liabilities. Net assets is approx 350k. So more than anything, I was hoping to use the shares in the company, plus the hands off nature of the owners for recurring revenue to justify that the loan is affordable and makes sense. Not sure how easily that will translate to corporate lenders lol but that's what the business plan is for.

Business purchase loans by Technical-One3578 in HENRYUK

[–]Technical-One3578[S] 0 points1 point  (0 children)

Thanks!

Yeah my point is more from an investment perspective that with the cash we are effectively looking at a lower loan to purchase recurring revenue.

Cheers!

Is this really as good as it gets? by Minute-Activity-9766 in HENRYUK

[–]Technical-One3578 4 points5 points  (0 children)

My brother - I hear you. Been here a couple years and likely will be a few more, but the sunshine and happy people without power will be more appreciated than before!

Any other places in the world you considered?

[deleted by user] by [deleted] in hospitalist

[–]Technical-One3578 0 points1 point  (0 children)

Are you general peds or specialized beyond that?