Europe is on the brink of creating its own corporate status, akin to Delaware’s C Corp, but key players want to ensure it retains its integrity. In an open letter, a roster of Europe’s leading startup figures urged lawmakers to avoid weakening the proposal, fearing it could become unusable.

The EU Inc campaign seeks a unified company statute to simplify cross-border operations. Despite securing endorsements from top EU authorities, its promoters warn that any watered-down version could undermine its potential to streamline European businesses, attract investment, and fuel entrepreneurial growth.

The letter, signed by prominent venture capitalists Sonali De Rycker and Michael Moritz, among others, stresses the importance of a single central registry and fair taxation of employees’ stock options. These technical details, they argue, are crucial for a functional corporate structure. The message to lawmakers is clear: get this right or risk stifling innovation.

The campaign has also rallied support from tech founders of unicorn companies, demonstrating that EU Inc is gaining momentum. With just 100 days until winter recess, the pressure is on policymakers to preserve the proposal’s integrity. The devil, as always, is in the details.