It would be interesting to see the main building blocks of Atlas and if any of it have relations or takes inspirations from Blockchain Tech (e.g. Ether-based http://otonomos.com/).
I’m Joining Stripe to Work on Atlas
291–300 of 342 posts
Re: I’m Joining Stripe to Work on Atlas
#292Earlier quoted context omitted.
It's come down since you've tried, its £12 now.
Getting a business bank account is also trivial and you can do it over the phone. Pretty awesome.
As in a useable account? IIRC in the UK we had to show birth certs, drivers licence, have an interview, present a business plan, sign several lots of dead tree, provide details of other finances ... just to get a deposit account.
Re: I’m Joining Stripe to Work on Atlas
#293Slightly unfashionable to say this here, but this problem isn’t necessarily something the private sector should be routing around but one that the public sector should be fixing from within. At GDS (GOV.UK etc) we’re working on a programme called GaaP: Government as a Platform. This aims to provide components to radically simplify the difficulty of building services focused on user needs for the rest of government. T…
I'd tend to agree. But the private sector has show an unreasonable effectiveness at improving lots of industries. Believe me, I don't sleep well at night, knowing you've got to motivate people to generate huge profit, so they can create great companies like Stripe. But it appears to be an ongoing trend. Even the recents efforts made by GDS or USDS will be overshadowed by new, hip, fintech (and govtech?) startups.
I wish there was an industry called "Don't do with people's data what they never gave you explicit permission to do". Here, both public and private sectors fail badly because they wish to perpetuate their existence, but the public sector's existence could at least somewhat nominally be justified as something people usually want. You may want the existence of a private sector as a whole to perpetuate, but probably not at the cost of a specific entity doing unexpected things with your data.
Edit: added last sentence.
Re: I’m Joining Stripe to Work on Atlas
#294Earlier quoted context omitted.
That's silly, since the only difference his sole proprietorship makes to you as a user is that if he loses your bookmarks you can sue him personally and force him to flee judgement and live amongst the penguins.
It also means that someone else can sue him personally and force him to flee judgement and live amongst the penguins.
Yes, but if he had an LLC, the only difference would be the penguin part; the company would still get shut down or sold.
Re: I’m Joining Stripe to Work on Atlas
#295I am enrolling Stripe Atlas and, to me, incorporating in USA will give me access to modern banking services, and platforms, as Stripe, and it seems USA has very lower taxes than Brazil, my country. That's why I am interested. It all seems fascinating, but I am afraid to continue and do the last step of the enrollment. I don't know how is the process to close the company, what the representative agent can do for me, h…
I live in the US. Let me know if I can help you with anything. Abracos.
The "ç" makes an enormous difference here.
Re: I’m Joining Stripe to Work on Atlas
#296I am enrolling Stripe Atlas and, to me, incorporating in USA will give me access to modern banking services, and platforms, as Stripe, and it seems USA has very lower taxes than Brazil, my country. That's why I am interested. It all seems fascinating, but I am afraid to continue and do the last step of the enrollment. I don't know how is the process to close the company, what the representative agent can do for me, h…
Nope, you don't need to travel to the US -- we'll handle incorporation and opening your bank account remotely. When it's time to sign papers, we'll send you an e-signature link. Silicon Valley Bank's fees after the first 24 months vary depending on which of their services you choose to use, so there's no one-size-fits-all rate card we can point you to -- if you send me an email at edwin.wee@stripe.com, I'd be happy t…
I see someone else in this thread talk about their problem with not knowing if and which taxes they must pay, if they are going to pay double taxes or something like that. Does anyone know this?
I am more interested in the Brazilian case.
Re: I’m Joining Stripe to Work on Atlas
#297Slightly unfashionable to say this here, but this problem isn’t necessarily something the private sector should be routing around but one that the public sector should be fixing from within. At GDS (GOV.UK etc) we’re working on a programme called GaaP: Government as a Platform. This aims to provide components to radically simplify the difficulty of building services focused on user needs for the rest of government. T…
> sometimes you need to refactor the root inefficiency rather than patch the symptom. This is also my view on a lot of fintech. However... if the incumbents aren't doing something, then eating away at the edges may eventually either overcome the incumbents or force them into change. I don't think Stripe could replace what govts do, but I can certainly see that Stripe being successful will put them at the table to inf…
If innovation is motivated by competition, then the government having a monopoly in governmental services means they never need to innovate, unless they receive some competition.
Because barriers to emigration are so high, countries don't have to compete with each other for quality of governance, and so it turns out that only the private sector can do it.
Re: I’m Joining Stripe to Work on Atlas
#298Earlier quoted context omitted.
> sometimes you need to refactor the root inefficiency rather than patch the symptom. This is also my view on a lot of fintech. However... if the incumbents aren't doing something, then eating away at the edges may eventually either overcome the incumbents or force them into change. I don't think Stripe could replace what govts do, but I can certainly see that Stripe being successful will put them at the table to inf…
If innovation is motivated by competition, then the government having a monopoly in governmental services means they never need to innovate, unless they receive some competition. Because barriers to emigration are so high, countries don't have to compete with each other for quality of governance, and so it turns out that only the private sector can do it.
If innovation is motivated by competition
Your implication is that competition has to be with external agents. It’s perfectly possible to compete with the status quo.
The private sector has a profit motive at its core: make more money for shareholders. The public sector also has a profit motive: save more money and be more effective for tax-payers. They’re both examples of efficiency, two sides of the same coin.
Re: I’m Joining Stripe to Work on Atlas
#299Earlier quoted context omitted.
1. Yes the US would get the corporate tax revenue. The company is based in the US even if its employees aren't. You'd pay your taxes to the UK government when you repatriated any of the income from it. 2. Yes because you'd be a US company.
Do you know that this is the case based on UK tax law? Because a lot of countries have provisions for taxing income of foreign corporations locally if they deem that the corporation is controlled and operated from their country. My UK accountant did specifically warn me about tax risks around this years ago - I don't remember the specific conditions where it might arise, but you should not take this lightly.
Like which ones and how would they go about taxing a foreign entity?
They would tax the individuals when they repatriated income.