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To top it off, your sales tax responsibility depends on where your customer is, not where you are. So even the freshest new SaaS startup celebrating their 50th customer may find themselves dealing with sales tax in multiple states. . And, not to get too scary, but sales tax obligations can’t be discharged by bankruptcy.
About My First 16 Our new video podcast series My First 16 features interviews with founders and CEOs of fintech companies about how they acquired their initial customers and the hard lessons they learned along the way. So, we started the company, it was about January 15th of 2010. And they were seeing lots of fraud.
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