Stripe Atlas for LLCs

#1

Post by pc » Mon, Apr 30, 2018, 4:51 PM UTC

Re: Stripe Atlas for LLCs

#2

Post by zrail » Mon, Apr 30, 2018, 4:19 PM UTC

This is pretty exciting. $500 is a great deal for an LLC with a fully vetted operating agreement suited for an internet company as well as a bank account out of the box.

Re: Stripe Atlas for LLCs

#3

Post by gk1 » Mon, Apr 30, 2018, 4:26 PM UTC

Before doing this, be sure to read your home state's requirements for registering out-of-state LLCs. You might still be required to file annual paperwork and fees in your home state, thus possibly counteracting any convenience you thought you were getting by registering in Delaware.

Or consult with an accountant, many of whom offer free first-time consultations.

Re: Stripe Atlas for LLCs

#4

Post by zrail » Mon, Apr 30, 2018, 4:38 PM UTC

gk1 wrote: post #3

Before doing this, be sure to read your home state's requirements for registering out-of-state LLCs. You might still be required to file annual paperwork and fees in your home state, thus possibly counteracting any convenience you thought you were getting by registering in Delaware. Or consult with an accountant, many of whom offer free first-time consultations.

I believe every state requires you to register your business in that state if you have a tax nexus there. California is particularly onerous about this, requiring LLCs to register and pay a minimum $800 franchise tax every year.

Re: Stripe Atlas for LLCs

#5

Post by billconan » Mon, Apr 30, 2018, 4:58 PM UTC

Can I be taxed as a s corp with stripe atlas?

Re: Stripe Atlas for LLCs

#6

Post by patio11 » Mon, Apr 30, 2018, 5:08 PM UTC

Hiya folks! I worked with the team on this; happy to answer any questions you have.

Re: Stripe Atlas for LLCs

#7

Post by spamross » Mon, Apr 30, 2018, 5:08 PM UTC

Why Delaware over Wyoming? Wyoming has no corporate income tax and lower fees.

Re: Stripe Atlas for LLCs

#8

Post by foobaw » Mon, Apr 30, 2018, 5:09 PM UTC

patio11 wrote: post #6

Hiya folks! I worked with the team on this; happy to answer any questions you have.

Will there be a way for a C-Corp to change into an LLC?

Re: Stripe Atlas for LLCs

#9

Post by patio11 » Mon, Apr 30, 2018, 5:09 PM UTC

billconan wrote: post #5

Can I be taxed as a s corp with stripe atlas?

An LLC can elect to be taxed as an S Corp. We're happy to introduce all Atlas companies to accountants; this is something you can ask them to do for you.

Re: Stripe Atlas for LLCs

#10

Post by taylorwc » Mon, Apr 30, 2018, 5:10 PM UTC

spamross wrote: post #7

Why Delaware over Wyoming? Wyoming has no corporate income tax and lower fees.

Delaware has the most established precedent history for business case law. That's why so many corporations file there, despite the high fees.