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Stripe Atlas

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Re: Stripe Atlas

#211

Post by yinghang »

itsthisjustin wrote: post #174
michaelschade wrote: post #146

Earlier quoted context omitted.

Thanks for the feedback! We agree that C Corps may not be for every company: we're looking at support for other company structures, including LLCs ( https://stripe.com/atlas/faq#Can-Stripe-help-me-set-up-a-dif... ). To kick off the beta, we found that the C Corp was the best place to start based on what entrepreneurs in emerging markets were already looking to do. We go into much more detail about C Corps and their t…

For tax purposes it would be best to request to be taxed as an S-Corp. You can then incorporate as an LLC or a corporation.

Founders/owners of a S-Corp have to be Americans.

Re: Stripe Atlas

#212

Post by allcentury »

itsthisjustin wrote: post #174
michaelschade wrote: post #146

Earlier quoted context omitted.

Thanks for the feedback! We agree that C Corps may not be for every company: we're looking at support for other company structures, including LLCs ( https://stripe.com/atlas/faq#Can-Stripe-help-me-set-up-a-dif... ). To kick off the beta, we found that the C Corp was the best place to start based on what entrepreneurs in emerging markets were already looking to do. We go into much more detail about C Corps and their t…

For tax purposes it would be best to request to be taxed as an S-Corp. You can then incorporate as an LLC or a corporation.

Indeed, an S-Corp is typically the best decision when starting.

Re: Stripe Atlas

#214

Post by kintamanimatt »

vermontdevil wrote: post #109

I wonder how this compares with Estonia's E-Residency https://e-estonia.com/e-residents/about/

Estonian e-residency isn't the same. Stripe Atlas is a nearly end-to-end service for establishing a US company with a bank account and tax number.

The Estonian e-residency on the other hand is essentially a just digital ID card that can be used to authenticate yourself when you're transacting with the Estonian government or other select institutions, like banks. E-residency isn't a one-stop shop to setting up an Estonian company and bank account, just the means to authenticate yourself more easily while doing it yourself. (Not that it's hard.)

Re: Stripe Atlas

#215

Post by yeahrightfam »

zrail wrote: post #207
yeahrightfam wrote: post #200

Earlier quoted context omitted.

"The whole purpose of Stripe is to make basic tools for starting an internet business more broadly available and without barriers." Well, I didn't have to publicly shame PayPal and wait for years to get invited to use their platform. So I guess they fill better the whole purpose of your company. Stripe was appealing to me (and a whole lot of other developers) because of the developer experience you introduced back th…

> no volume discounts This is false. They have volume pricing breaks starting at 80k USD, 30k GBP, 30k EUR, etc processed. Check your country's pricing page. US example: https://stripe.com/us/pricing

https://memberful.com/blog/stripe-vs-paypal/

Obviously depends on your use case but with PayPal you break even at $5,000. Way lower than 80k month. And "get in touch", yeah I know what happens when you try get in touch with them.

Also consider adding: [Disclaimer: I write books about integrating Stripe with your business]

Re: Stripe Atlas

#216

Post by JoshTriplett »

glossyscr wrote: post #82

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…

> 9. Engaging in deceptive marketing practices (here: who decides what is 'deceptive')

If you have to ask whether you're being deceptive, or the answer depends on who decides, you're doing something horribly wrong.

Re: Stripe Atlas

#217

Post by georgehotelling »

glossyscr wrote: post #82

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…

> Age restricted products or services

Doesn't this cover any website that collects personal information, since the Children's Online Protection Act prohibits that for people under the age of 13?

Re: Stripe Atlas

#218

Post by dragonwriter »

georgehotelling wrote: post #217
glossyscr wrote: post #82

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…

> Age restricted products or services Doesn't this cover any website that collects personal information, since the Children's Online Protection Act prohibits that for people under the age of 13?

The Children's Online Protection Act (COPA) was struck down as unconstitutional by the Supreme Court. Are you thinking of the Children's Online Privacy Protection Act (COPPA)?

Re: Stripe Atlas

#219

Post by api »

tvladeck wrote: post #129
rpedela wrote: post #127

Earlier quoted context omitted.

You must be a C Corp to accept VC investment. It is expensive and time consuming to go from LLC to C Corp. Maybe you mean S Corp which has some similarities with LLC but it is easy to switch to C Corp if you need to. I generally agree they should not offer C Corp though because the paperwork is extremely complicated and cannot be done correctly by an internet form at least in my experience. EDIT: I should have said v…

> You must be a C Corp to accept investment. This is not true. You can sell membership interest in an LLC the same way you can sell stock in a C corp. And in my experience it's fairly simple to go LLC to C. I didn't get confused with S corps.

Will any actual VC firms invest in an LLC? I've never heard of that but then again I've never worked in that world full time.

Re: Stripe Atlas

#220

Post by tommoor »

kalms wrote: post #183
glossyscr wrote: post #82

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…

Seriously? Sexually-oriented services excludes a lot of legitimate, serious businesses. Seems fairly simple minded to me, but maybe that's the European in me speaking.

I'm sure it's a fraud / charge-back thing.. If you want to run 'riskier' businesses then you need your own merchant account. Although I agree i'm sure there are a few relatively straight-laced buisnesses that unwittingly end up in that bucket!
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