Thread: Confirmed/CAUTION: N900 Ovi Apps require Corporation + $1M USD Corporate General Liability Insurace
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epilido is offline epilido
2009-11-21 , 22:13
Posts: 40 | Thanked: 34 times | Joined on May 2009
#146
Originally Posted by krisse View Post
SNIP: The actual cost of such insurance is closer to $1000 a year or something, isn't it?

And if someone was making money from their apps they could probably claim such costs back from the tax office, so it would cost them $0 in the end.

Not saying this is necessarily an acceptable situation, but it isn't quite as outrageous as the headline might suggest.
Well they had to pay 1000 for the insurance then they have to make 1000 to break even..... so after doing work valued at 1000 they have nothing to show for it.

Since the taxes are a percentage of the sales they would have to sell many times this cost to be able to get the original 1000 back from the tax man.....

It most definitely costs 1000 to get started. As code177 points out for him its about 500 still non trivial.

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