41–50 of 402 posts
Is there really a market for this? Why would anyone outside the US want to open a US company when you can just as easily open a company and bank account in a tax-free country with little/no oversight?
Great with the payment solution. But why would anyone want to pay US corporate tax, US accountants etc. - often on top of the local tax, local accountant etc? Don't forget that many other countries would still regard the "Stripe Atlas company" as taxable in their local country if the company is actually run from the local country or has offices in the local country. So from day one you would have to deal with interna…
If you don't want that feature, why complain about Stripe - just incorporate and get a bank account in Honduras or wherever you think it is most useful to your business.
Is this primarily aimed at citizens of the US and countries otherwise not serviced by Stripe? What could be a reason for me to want this as if I'm, say, German or Canadian?
Doing business in the US? Do it as an American entity! We're institutionally equipped to deal with companies from 50 jurisdictions but as soon as you say GMBH or Euro we get very confused. US companies have huge logistical difficulties doing international payments relative to domestic payments; you can find a company with $50 million in the bank whose CFO literally had no button available to her that could possibly authorize an international wire. Many routine acts of commerce will require a number from you which any US entity can get by sneezing and which a foreign entity will take months of effort to achieve. We have a variety of cultures nationwide; essentially none of them routinely interact with foreign corporate entities and essentially all of whom will view those interactions with caution and annoyance rather than the routinely extended trust and assumption of fair dealing that all domestic entities enjoy by default.
You will be in great company! (Ba dum bum?) Substantially every German and Canadian major corporation, and hundreds of thousands of natural German and Canadian people, choose to use a Us entity so that they can conveniently interface with public and private US institutions when their business dealings bring them to the United States.
Is there really a market for this? Why would anyone outside the US want to open a US company when you can just as easily open a company and bank account in a tax-free country with little/no oversight?
And accepting debit cards (especially US cards) is still quite hard in most of the world afaik, aside from the UK, so this is a godsend to any entrepreneurs who want a real chance at success.
This was actually the dream just half a decade ago, to incorporate in the US without having to actually get a visa and go there and easily conduct business with anyone in the world...
Nowadays, it's not as pressing, but still a great service imo...
Is there really a market for this? Why would anyone outside the US want to open a US company when you can just as easily open a company and bank account in a tax-free country with little/no oversight?
well, im not impressed. stripe took it 80% the way there, they left out logistics. freight, customs and last mile are the most expensive and complicated factors of global physical ecommerce. where is the stripe solution to simplify that?
A very nice product it seems. But people should be aware that having a US business, bank account and so on makes you a "US person" in the eyes of the US government which comes with downsides. If you recently tried to open a bank account somewhere you might have seen the form you have to fill out which tries to discover if you are indeed such a "US person". I don't know exactly what the result apart from probably the…
Great with the payment solution. But why would anyone want to pay US corporate tax, US accountants etc. - often on top of the local tax, local accountant etc? Don't forget that many other countries would still regard the "Stripe Atlas company" as taxable in their local country if the company is actually run from the local country or has offices in the local country. So from day one you would have to deal with interna…
Incorporating in the US, for example, allows companies to issue stock to employees, makes it easy to raise money from global investors, and provides the stability of clear corporate rules and case law. (This is why 60% of the Fortune 500 are incorporated in Delaware). There are also many more business services available to US companies than might otherwise be available to companies based in smaller countries with emerging economies.
So while you're right that there are taxes and other things that come into play when running a business, we find people are already coming up against these roadblocks today -- we built Atlas to reduce this complexity. We hope to see more businesses started because of this.