Carta License Revoked, Pulley License Suspended
This is a Carta news story, published by TechCrunch, that relates primarily to Pulley news.
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state business rulesTechCrunch
•Startups are getting fined, or sometimes banned, by individual states | TechCrunch
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Carta ’s business license was revoked in Illinois for failing to pay franchise tax, a tax on national corporations doing business in the state.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
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Neutral language
65
Article tone
informal
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English
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44
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Attention-grabbing headline
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Time-value
short-lived
External references
1
Source diversity
1
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