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Startups are getting fined, or sometimes banned, by individual states | TechCrunch

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Summary
Nutrition label

75% Informative

Carta ’s business license was revoked in Illinois for failing to pay franchise tax, a tax on national corporations doing business in the state.

Pulley 's business license in Washington state was terminated in 2024 .

Each state has its own complex fees, tax, and business registration requirements.

Many startups don’t begin the registration process in each state when they should at all.

Not being a legal business entity in a state may also impact a startup’s legal protections in that state.

Companies that have more than $50 million in investment or revenue need to file a monthly report with the Bureau of Economic Analysis .

Hiring folks outside of the U.S. further complicates compliance too.

VR Score

76

Informative language

74

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65

Article tone

informal

Language

English

Language complexity

44

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not offensive

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not hateful

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not detected

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short-lived

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