51–55 of 55 posts
The single necessary and sufficient condition for a business, says MIT’s Bill Aulet, is a paying customer. https://stripe.com/atlas or use a paypal button. Adapt this mentality. No investor will ever give you money. Make sales. Learn. Adjust. Repeat. Good Lucky! ;-)
Earlier quoted context omitted.
Stripe Atlas might be too soon for you... Focus on getting some sales first. While Stripe Atlast is great (and cheap!) for what it is (setting up a US bank account and a Delaware C-Corp) do realize that you'll have to file taxes in the US from now on. If you use a payment provider (like Stripe, which is awesome!) you'll be able to charge people from the US just the same without going straight to tax hell. Sell, sell,…
Looks like you are right, but how can I setup payment system without the EIN number? Stripe won't allow it
Earlier quoted context omitted.
Looks like you are right, but how can I setup payment system without the EIN number? Stripe won't allow it
I built Slyme ( https://5ly.me ) and couldn't find any usable payment platforms. I live in India and couldn't automate payments from the US. This is really a big problem. Stripe is expanding to other countries in the future though.
Earlier quoted context omitted.
Looks like you are right, but how can I setup payment system without the EIN number? Stripe won't allow it
I would personally discourage you from incorporating as a Delaware C corp unless you absolutely have no other option. On top of the registered-agent fees, Delaware charges a minimum of about $700/year in taxes. For a company with no revenue, no liability, and no investors, it's extremely expensive and offers no benefit over any other corporate entity registered elsewhere. You're probably far better off filing for som…
Earlier quoted context omitted.
Is it not viable using a personal Paypal account at this stage?
starting a business with your finances managed by a company that can, and will, close accounts, and freeze funds for no reason at all is crazy. Especially when they frequently do it when someone suddenly starts making decent money, something all new startups hope to do. paypal is a dangerous idea to build a business on. Use a real bank that is legally forced to act in a responsible manner with regards to your funds.