151–160 of 402 posts
This is cool, but they should not offer a C corp as the default choice. An LLC should be the default for the vast majority of entrepreneurs. The only reason VC-funded companies are C corps is becaused VC LPs don't want to be hit with taxable income (which would flow through the VC to them). An LLC is much better for a variety of reasons: - Flow through taxation = you only get taxed once. With a C corp you pay corpora…
I just checked the prohibited businesses https://stripe.com/de/prohibited-businesses I am fine with most of them being prohibited but at some points it's getting quite restricted: 1. Virtual currency that can be monetized, re-sold or converted to physical or digital products or services or otherwise exit the virtual world 4. Sexually-oriented or pornographic products or services 9. Engaging in deceptive marketing pra…
Interesting angle. For a while I've wondered why nobody does a tech/startup version of "Company in a box". This looks like it's exactly that. Incorporation, payment processing, the works. Is Stripe getting a cut of the eventual revenue from the service providers that are providing the offerings? What's the incentive on their side? Or are they just hoping to scrape by on the transaction fee revenue (which are way less…
A few places offer "Company in a box" but without the automatic bank account (e.g. search google for any "Register a company" keywords or even the more startup focused https://www.clerky.com ). The most amazing this here is obviously the automatic bank account integration. The last time I set up a SVB account I had to drive to their Santa Clara office, meet someone, convince them I'm not a hack fraud (lol, tricked th…
This is cool, but they should not offer a C corp as the default choice. An LLC should be the default for the vast majority of entrepreneurs. The only reason VC-funded companies are C corps is becaused VC LPs don't want to be hit with taxable income (which would flow through the VC to them). An LLC is much better for a variety of reasons: - Flow through taxation = you only get taxed once. With a C corp you pay corpora…
You are right and it's also much cheaper to form and maintain an LLC. I think that forming an LLC in Colorado is the cheapest option ~ $250 total costs. That is great if you're just bootstraping and don't know if the business is going to be successful. BTW, if you're not a US citizen + the business is providing services + you're the only owner (single member LLC), then there are NO TAX-paying requirements. Also, the…
I just checked the prohibited businesses https://stripe.com/de/prohibited-businesses I am fine with most of them being prohibited but at some points it's getting quite restricted: 1. Virtual currency that can be monetized, re-sold or converted to physical or digital products or services or otherwise exit the virtual world 4. Sexually-oriented or pornographic products or services 9. Engaging in deceptive marketing pra…
> 15. Age restricted products or services (which are the most products/services) Wouldn't you need to be the age of majority to use Stripe at all?
Earlier quoted context omitted.
You are right and it's also much cheaper to form and maintain an LLC. I think that forming an LLC in Colorado is the cheapest option ~ $250 total costs. That is great if you're just bootstraping and don't know if the business is going to be successful. BTW, if you're not a US citizen + the business is providing services + you're the only owner (single member LLC), then there are NO TAX-paying requirements. Also, the…
I'm in Colorado and it costs only $50 to file for an LLC online. Where is it costing you $250?
Earlier quoted context omitted.
Most of these are from Stripe's partner banks, and/or they've proven to be exceptionally prone to fraud and chargebacks.
With regards to adult content, the perception is that chargebacks would be higher, but in reality this is mostly a relic of the late 90's when credit cards were first accepted online. Porn pioneered the infinite continuity ("recurring subscriptions until you die") that is incredibly widespread nowadays. At the moment, there are few non-merchant account ways to legally accept payments for adult content. They include s…
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?
Germany and Canada are excellent countries to run a business from. Can I pitch you on the United States? We're a large country with a thriving technology industry that spends billions of dollars on the thing you sell. We have thriving capital markets, including a majority of worldwide dollars in seed stage tech companies, at terms which are better than you will receive anywhere else. We have millions of very smart en…
Doesn't that add an extra tax burden?