Embarking on a startup is probably one of the most exciting experiences in life. You and maybe a bunch of friends getting together to hack away at a solution to a problem in the hopes of launching a company is a roller coaster ride of emotions, to say the least.
Itβs not all fun and games, though. If you want to build a real, true-to-life startup, youβre going to have to think of some of the more tedious back-office tasks like company compliance, taxes, and payroll. These are things that, if not done correctly, could land you and your company in some very hot water.
Thatβs why Central exists. After founder Nilay Modi had to pay over $20,000 in government fines, he set out on a mission to ensure this didnβt happen to other startups. Central is a YC-backed platform built to handle a lot of government-orientated startup work.
Say youβre hiring a new developer. Rather than pulling your hair out from frustration, you can hand off the process to Central. From there, it will handle things like offer letters, payroll registration, compensation, payroll taxes, benefits, and more.
It also handles more general things like city and state registrations and business insurance, including liability insurance. The goal is to allow you and your team to focus on building without losing time working through legal jargon or, worse, potentially facing a fine that could very well set your company back.