Russian-oriented folks:
I’m giving two talks tomorrow (Friday, May 12) at the New Economic School here in Moscow. The first is from 11-12 and covers the American start-up world, open-source software, and some lessons on management and working with big customers (speaker notes/handout). If you’d like to attend, here is an official sign-up page. The second talk is from 17-18 (5 pm in American parlance!) and is titled “U.S. Family Law: What happens to an economy when having a baby is more lucrative than going to college and working?” (notes; best guess: the economy shrinks by about 3 percent). It is geared more to graduate students in economics planning their research projects, but if you’d like to attend please add a comment to this posting and perhaps it will be worth setting up an official sign-up page for that as well.
Just read the notes of the startup talk and it’s great. Wish I could attend. Have a nice trip!
Yeah, the notes are great indeed. A couple of questions that I couldn’t find answers for in the notes:
The last section says: “Figure out whether someone is an employee or an owner before talking to them. It will be a different language.” And previously: “They’d been employees all of their lives. Different psychology from a business owner. Two different languages.”
Could you provide examples or specifics about owner/employee language differences?
“Every year or two, Grandpa makes a handsome gift to the children or grandchildren of the immigrant. As U.S. residents, the children must report this gift to the IRS, but gift tax is on the giver, not the recipient and therefore no gift tax is owed because the giver is not a U.S. resident. Thus the profit of this enterprise is free of corporate income tax, personal income tax, estate tax, and generation-skipping tax.”
Could this be a cash gift? Or should be something material, like cars or real estate?
Terrific notes — but where do i find the “like” button on this website?
Hey, where aren’t you given lectures on family law at U.S. law schools? Very few law professors have a clue about U.S. family law, or at least almost none are brave enough to talk about it honestly.
@Philg: will the presentation be recorded and made available on line? I would love to see them.
Yes we are recording them, and yes they will be put online.
Great! I am also interested in figuring out the gift tax situation for non-residents.
Great notes.
“All four partners are liable without limit.”
The limit would be the assets of the partnership, no? I.e., personal assets of the partners are excluded.
No limits in the simplest partnership forms. See http://www.nolo.com/legal-encyclopedia/partnership-faq.html
really liked the notes for the lecture. especially “most people pay attention to the outputs, not the inputs.”