Why do developers forget/ignore css rules for firefox? ;_;
Stripe Atlas
221–230 of 402 posts
Re: Stripe Atlas
#222I But, Silicon Valley bank is not my favorite. They have a history of passing plain text passwords.
Re: Stripe Atlas
#223A lot of accounting companies have been offering this service for a while now for similar pricing.
Stripe is better at marketing tho.
Re: Stripe Atlas
#224I wonder how this compares with Estonia's E-Residency https://e-estonia.com/e-residents/about/
what e-Residency is doing - you would never need to visit the EU/US to establish location independent business + you wouldn't need a middleman + through digital ID you can access all the other services also. Eventually, the more players in the network the more everybody wins.
Re: Stripe Atlas
#225Earlier quoted context omitted.
You can open a US bank account (I use Harris Bank, since they're owned by BMO) and withdraw USD from paypal to there. I then write a cheque to move USD across the border, and use VBCE to convert USD to CAD at market - 35 basis points (aka. about 2% better than what Paypal offers).
> I then write a cheque to move USD across the border, and use VBCE to convert USD to CAD at market - 35 basis points (aka. about 2% better than what Paypal offers). Transferwise might be cheaper/easier
Not even close. Transferwise charges a fee of 0.7%. VBCE is half of that.
Re: Stripe Atlas
#226In terms of the startup incorporation, how does this compare to Clerky? As a pre-incorporation startup based in CA, which is preferable?
This is really optimized for startups outside of the US, which often have trouble setting up US bank accounts (and thus using Stripe). As a result, the legal side of things gets you far enough to do that - but doesn't cover the whole company formation process like we do.
Thanks. Would be awesome if Clerky and Stripe combined forces to provide a one-stop shop for US startups for incorporation docs and setting up bank accounts.
Re: Stripe Atlas
#227I read from the faq that there are tax and legal obligations, that there are some guides and a free call, and that there won't be any ongoing assistance unless Orrick and PwC are hired.
Do you have any experience with them? Do you suggest any other service that would help on this? A while ago I found tempcfo (used by stripe itself, slack, and others) and indinero, I wonder if they could help on the ongoing assistance and which is the best option
Re: Stripe Atlas
#228This is huge. As someone who is involved in the digital nomad community here in Chiang Mai, Thailand - getting incorporation and processing set up for a lot of people here is very difficult. Although places like Thailand are a great place for independent bootstrapping and there’s a solid network of entrepreneurs - one of the biggest hurdles is incorporation, banking and acquiring. This is taken for granted when you’r…
For most people setting up in USA when operating internationally means two things: more tax, more compliance.
If you look at https://Incorporations.IO - you'll see that Delaware isn't even in the top 10 places to setup a company.
Re: Stripe Atlas
#229Earlier quoted context omitted.
> 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.
private equity firms will.
Re: Stripe Atlas
#230Earlier quoted context omitted.
Nope, we're not looking to make money off the incorporation, though we of course hope the companies become successful Stripe customers!
The $500 is above market rate for an LLC + US bank account. Do you think this cost will be revised down sometime in the future? Another challenge is that some folks can get in serious trouble (ie. imprisonment) with their local government for even having a foreign bank account. This is because local governments see it as a drain of foreign currency reserves like the USD/EUR, which are much needed by the country in qu…
Above market rate? As someone who has vigorously engaged in this process for literally years (due to the needs of myself and also my friends), the best I have ever seen is $800, which is the service I ended up using. Do you have any examples to point to?