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Our experience with Stripe Atlas (2017)

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Re: Our experience with Stripe Atlas (2017)

#31

Post by tabacof »

soneca wrote: post #15

My particular pain point is how to have a Stripe account living in an unsupported country (Brazil). Is Stripe Atlas the best solution? I am starting two very modest side business intending to sell to international customers (mostly US+Canada initially). One SaaS and one content membership. Any ideas?

Hi Soneca, I am also a Brazilian starting two very modest side business intending to sell to international customers:

1) https://www.deploir.com

2) https://www.whoworth.com

What a coincidence, huh?

In the beginning I also considered Atlas, but that seemed way too much trouble and expenses for two businesses that may or may not be viable.

In the end, I decided to go with Paddle (https://paddle.com/). The integration was really easy, it is just a button that links to my subscription plans (with webhooks that alert my server when subscriptions are created and paid).

As Brazilians say, we should "exchange stickers".

Re: Our experience with Stripe Atlas (2017)

#32

Post by cajdavidson »

Silhouette wrote: post #20
pienight wrote: post #16

Earlier quoted context omitted.

No business plan checks at all - I still don't have one. You have to pick a vague category that you do business in, but that was about it. There's mention here about difficulties getting a UK bank account but I can't speak to that as I'm UK based. For me, as a UK-er, I got a business account (and a credit card at different bank) within a few days and I've never had to do anything in person. Total cost being the £14 f…

Having just switched business banks in the UK, it appears that the rules have become a bit stricter in recent years. At minimum, you're now going to require the basic business details (registration number with Companies House, etc.) and the same standard of personal ID for all the people involved as for any of the other areas now covered by the anti-laundering rules (government-issued photo ID, recent proof of curren…

Check out Tide[0], I use them for my business banking and have had nothing but great experience with them. Had my account setup in ~10 minutes after being made to jump through all sorts of hoops to get a high-street bank business account setup.

[0] https://www.tide.co/

Re: Our experience with Stripe Atlas (2017)

#33

Post by andreygrehov »

What would be really cool is if Stripe Atlas allowed its customers to form an LLC first and then provided a seamless framework to get LLC converted to C-Corp. I’m looking to bootstrap a single founder business and I can’t find good reasons to go with a corporation. I could be wrong though.

Re: Our experience with Stripe Atlas (2017)

#34

Post by leoalves »

soneca wrote: post #15

My particular pain point is how to have a Stripe account living in an unsupported country (Brazil). Is Stripe Atlas the best solution? I am starting two very modest side business intending to sell to international customers (mostly US+Canada initially). One SaaS and one content membership. Any ideas?

I might be wrong. But I think the reason they created Atlas was to give Stripe access to non supported countries. They will do all the work with incorporation, opening bank account, etc. And you will operate your business from the US bank account. After your business has a credit history you can even have credit cards.

You will probably need an accountant in Brazil to see how you declare your business entity in the US and also an accountant in the US to declare you US taxes.

Re: Our experience with Stripe Atlas (2017)

#35

Post by soneca »

tabacof wrote: post #31
soneca wrote: post #15

My particular pain point is how to have a Stripe account living in an unsupported country (Brazil). Is Stripe Atlas the best solution? I am starting two very modest side business intending to sell to international customers (mostly US+Canada initially). One SaaS and one content membership. Any ideas?

Hi Soneca, I am also a Brazilian starting two very modest side business intending to sell to international customers: 1) https://www.deploir.com 2) https://www.whoworth.com What a coincidence, huh? In the beginning I also considered Atlas, but that seemed way too much trouble and expenses for two businesses that may or may not be viable. In the end, I decided to go with Paddle ( https://paddle.com/ ). The integration…

Took some time to understand the "exchange stickers" translation! :)

But sure, my email is in my profile!

Thanks for the Paddle recommendation.

Re: Our experience with Stripe Atlas (2017)

#37

Post by scardine »

agopaul wrote: post #4

As a non-US citizen, opening a company in the US is not the hard part. The hard part is figuring out taxes and legal "configuration" in your own country, where you live. I'm not an expert, but I hear from accountants that you have to figure the thing out properly and you end up having an accountant for your company abroad and one for yourself. It might end up being too much expensive if it's for a bootstrapped startu…

A prepaid international debt card is a good option to fly under the radar while you are not making enough to justify hiring an account.

Re: Our experience with Stripe Atlas (2017)

#40

Post by AKifer »

briandear wrote: post #7
alicewales wrote: post #5

I've noticed a lot of people setting up UK limited companies for similar reasons - you can do it online for a few pounds and there seem to be very few checks done on your identity or business plan when you do so.

The only problem with a UK company for a non-UK person is it has been my experience that it’s really hard to open a proper UK bank account without UK residency. Perhaps others have had better luck, but for me, that was a significant pain point.

I'm interested also to know how you did it.
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