Hello, startup friends :)
I'm looking for a little guidance on setting up US employment infrastructure (payroll, benefits, workers comp, unemployment insurance - the whole thing!). I don't want to hire contractors - would like them to be employees and I assume they'd have to be employees of our US entity (we have Canadian payroll set up through the Canadian entity)
Based in my research to date, my understanding is that we have 3 different possible paths - (1) EoR like Deel (2) PEO, and (3) basically brokers and management of individual vendors for everything - ie. Payroll system from x vendor, broker and system for benefits separate, etc, etc.
TWO QUESTIONS:
1. Am I missing an alternative here? Any advice you have on strategy, options, would be so helpful!
2. HRAs (the benefits reimbursement stipend option) - any good providers you know of?
Thank you so much for your time and sorry for the essay!!
Payroll & Compliance for International Teams | Deel
letsdeel.com
Deel is the first payroll platform for remote teams that connects localized compliance and payments in one system of record and automates everything.Comment on Facebook Deel is the first ...
Look into Communitech Outpost. Depending on scale, it may be a good option.
A us Peo becomes the employer of record. If you only have a few hires do this. You will cringe at the cost of benefits
Has anyone used Dama Financial (www.damafinancial.com/?mc_cid=011873c28f&mc_eid=3e416383fa) as an alternative to TransferWise? TW thinks my company goes against their Acceptable Use Policy, but we don't and TW's customer service so far has gotten us nowhere. Alternatively, does anyone know a TW employee who can help?
www.damafinancial.com
Get access to fully compliant, FDIC-Insured Financial Services for your Cannabis BusinessComment on Facebook Get access to fully ...
Have you tried remitr.com? CC Sandeep Todi
Knit will be rolling out business payments and a digital wallet that can hold multiple currencies in a few months.
Lean Payments is another Canadian rising star leanpayments.com/
You can also try OFX. Been using them a bit since they allow you to debit USD from a Canadian based bank account (which TW doesn’t)
The Series C round makes Clearco Canada’s newest unicorn, with a reported valuation of close to $2 billion USD.
Clearbanc rebrands, raises $350 million USD to provide full-stack founder support
betakit.com
With fresh capital and a new name, Clearbanc has moved beyond its investing roots to become a full-stack founder support platform.Comment on Facebook With fresh capital ...
Whooooaaaaaa - way to go team!
Wow wow wow!
Very impressive
Congrats Michele Romanow & Andrew D'Souza!
Awesome!
Boom!
Huge congratulations to you both. Massive accomplishment!!!!! Michele Romanow, Andrew D'Souza 👏🏻
Question ... Any parties in the ecosystem tracking the Interledger Project? Innovation for the unbanked to and those who want to "alter-bank" Asking for a friend.
#Equity #wealthbalance #neweconomy #walkaway
interledger.org
Interledger and its Global Development Community Will Advance an Open Payments Network Allowing for Broader Participation in Economic Opportunities on the WebBudget 2021 includes investments towards VCCI, BDC, IRAP, IP and more.
Federal government looks to “punch our way out of the COVID recession” with #Budget2021
betakit.com
The federal government has published Budget 2021 and commitments include targeted funding towards the tech and innovation sector.Hi everyone, if you're a woman and/or identify as a racialized person, we need your voice to help understand your gendered and/or racialized experience with accelerator programs in Southern Ontario.
Due to a generous grant from the Investment Readiness Program and on behalf of Foodpreneur Lab, we intend to ask and find the answers to the question, how are accelerator programs addressing the needs and lived experiences of women and racialized communities?
If you would be willing to lend your voice to bring to light unique equality and diversity needs in accelerator programs, or share with others that you know, we would be really grateful.
www.foodpreneurlab.com
We need your voice, to help understand your gendered and/or racialized experience with accelerator programs. The experiences of women and racialized groups in accelerator programs have been largely overlooked. However, due to a generous grant from the Investment Readiness Program we intend to ask an...We are particularly proud of this one as investments in sole female founders are way way down despite an overall increase in startup investments. Marina Tran-Vu is a dynamo and check out her products Equo Vietnam and see Techstars worldwide first-ever investment into a Vietnamese startup....founded by a Canadian of course. Thank you Robert Lewis for the write up.
Marina Tran-Vu’s EQUO Named To Techstars Toronto’s 2021 Cohort
techcouver.com
Vancouver-raised Marina Tran-Vu is the founder of EQUO, a sustainability startup delivering easy solutions for everyday single-use plastic items. EQUO's first line of products is drinking straws made from grass, rice, coconut and sugarcane that are 100% plastic-free, biodegradable, compostable and n...Comment on Facebook Vancouver-raised ...
Thanks for sharing Sunil! Nice pick for Techstars!