Filed under: cross border
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Startup news
Phoenix Spark reports $280,000 in first year bridging Europe and America
The Verona group set up a US arm in June 2025 to help Italian companies land in America. It says its first year brought 10 clients, a third of them American, hiring it to reach Europe.
№ 300 · 3 October 2026
Founder's toolkit
The $25,000 form a UK founder owes the IRS every year
A single-member US LLC files no income tax return. It still owes Form 5472, and the stated penalty for missing it is 25,000 dollars.
№ 286 · 29 September 2026