I love Stripe. And I agree that Atlas makes incorporation process quite easy.<p>But when I hear about a SaaS startup being organized as an LLC, I wonder if the founders considered the potential benefits of "qualified small business stock" or QSBS, which is only available in a c-corp.<p>With QSBS, each founder and investor can supersize their exit proceeds by wiping out at least $10 million in U.S. taxes. (See <a href="https://www.businessinsider.com/qsbs-qualified-small-business-stock-startups-criteria-taxes-2019-12" rel="nofollow">https://www.businessinsider.com/qsbs-qualified-small-busines...</a>).
Attempted Stripe Atlas user here. While the product looks great, it doesn’t cover all corner cases of business creation, so we ended up not being able to use it. It turns out that following this revelation, we had to scrap the associated Stripe account just to be able to rid ourselves of the “complete your Atlas application” (or similar) at the top of the dashboard too. Just one anecdote.
Stripe Atlas advertises as a way for non American companies to incorporate, but I had trouble finding more information about what complications to expect as a foreigner who owns an American company
I want to second the sentiments here - as a one-person Saas biz, Atlas made it a breeze for me to setup my LLC. Seeing the Visa card with my company name on it inspires me every day (yes I’m still wet behind the ears). I highly recommend Stripe and Atlas.
As a non-US person, is there anyway to bill using Stripe without incorporating? I dont mind withholding tax, etc, i just want to be able to bill and track the initial revenues.<p>AFAIK, Stripe is not available in all-EU countries. Paypal just works in this case.
I used to teach middle and high school kids how to code for several years. Two of my students were particularly prodigious programmers who turned their prototype of an idea into a real company making real money thanks to Stripe Atlas. With such an accessible avenue to entrepreneurship we are bound to see many more entrepreneurs.
Does anybody know if there’s a strict requirement to use Stripe’s payment processing when part of Atlas? Or can you still use Adyen, authorize.net and the like?