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I’m Joining Stripe to Work on Atlas

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Re: I’m Joining Stripe to Work on Atlas

#171

Post by ufmace »

secabeen wrote: post #115

>There Is No Future For Scarcity This section worries me a bit, as it's the sort of thing that doesn't consider the possibility of a major world-wide crisis. There are plenty of conceivable futures where these things could happen. A simple one is a small-scale non-nuclear war between China and US, where they disconnect completely from the larger Internet, but we avoid a global thermonuclear war. The continental Europ…

You could say that anything is theoretically possible, but the entire extended history of the world contradicts that idea. Economic progress is about as universal as anything in the man-made world has ever been. There have been setbacks, sure, but they have invariably been limited and short-lived. I'm sure there was a large drop in GDP during WWII, and I'm also sure that shortly after, it recovered and proceeded to climb well beyond where it was before the war started, as is the case with every other war ever fought, and any other type of catastrophe you can think of.

Re: I’m Joining Stripe to Work on Atlas

#172

Post by [deleted] »

owathray123 wrote: post #119

I for one am more than faintly relieved that Starfighter has fallen. It looked to me like an attempt to find the most direct way possible to parlay the prominent position that Thomas and Patrick have in this community into cash - by literally selling its members. There's a line that's crossed here between being a member of HN buoyed up by the good wishes and advice of your fellows, and using the community as a resour…

[deleted]

Re: I’m Joining Stripe to Work on Atlas

#173

Post by the_mitsuhiko »

stdclass wrote: post #67
davidw wrote: post #41

Earlier quoted context omitted.

It's not for nothing that .dk is #3 on this list: http://www.doingbusiness.org/rankings But their reported procedures/costs differ from what you wrote: http://www.doingbusiness.org/data/exploreeconomies/denmark/#... Something that's nice in the US as compared to most continental European countries is that no 'initial capital' is required.

In Austria, you don't need any capital at all, to start a EPU (One-Person-Company) which is really convenient.

> In Austria, you don't need any capital at all, to start a EPU (One-Person-Company) which is really convenient.

You can do that in any country. Austria sucks donkeyballs for staring an actual company however. You need 35.000 in capital and you need to involve a notary. The additional cost for actually getting the company in place is a few thousand euro, you need to listen to the notary read down the contract you made yourself and then you are subject to all sorts of utterly bizarre rules and regulations such as publishing your yearly report in a specific newspaper which charges you an arm and a leg for this privilege.

Can we please fix this?

Re: I’m Joining Stripe to Work on Atlas

#175

Post by draw_down »

strongai wrote: post #166

For what it's worth, I was never excited by starfighter because of its trading/markets premise - simple as that. It just doesn't float my boat. The entire proposition sounded far too much like real work. Game? Surely not.

Pretty sure that was the idea. Wasn't supposed to be super Mario

Re: I’m Joining Stripe to Work on Atlas

#176

Post by davidw »

the_mitsuhiko wrote: post #173
stdclass wrote: post #67

Earlier quoted context omitted.

In Austria, you don't need any capital at all, to start a EPU (One-Person-Company) which is really convenient.

> In Austria, you don't need any capital at all, to start a EPU (One-Person-Company) which is really convenient. You can do that in any country. Austria sucks donkeyballs for staring an actual company however. You need 35.000 in capital and you need to involve a notary. The additional cost for actually getting the company in place is a few thousand euro, you need to listen to the notary read down the contract you mad…

Heh - your comment reminds me of one of my impressions of Austria, where we spent a couple years: "a lot of the same bureaucratic BS as Italy, just administered a lot more efficiently".

Re: I’m Joining Stripe to Work on Atlas

#177

Post by rev_bird »

idlewords wrote: post #113
blackbagboys wrote: post #99

Earlier quoted context omitted.

What becomes of that other $30k? I assume there's a reason why you wouldn't just pay yourself $30k and keep the tax-free $70k.

It has to sit within the company. You can use it to buy an ice sculpture for the office lobby, but not for your own palazzo. As you can imagine, there is a ton of bookkeeping and bureaucratic pain associated with having an S-corp (like pretending to have annual meetings, and having to write minutes for them).

>It has to sit within the company.

I don't think this is true. If you buy an ice sculpture for the office lobby, it's totally tax deductible (it's a business expense), but you can use money for whatever you want if you take it out of the bank as a "distribution" instead of a "paycheck." In that situation, you still pay income tax on the money, but not the other taxes.

Re: I’m Joining Stripe to Work on Atlas

#178

Post by the_mitsuhiko »

davidw wrote: post #176
the_mitsuhiko wrote: post #173

Earlier quoted context omitted.

> In Austria, you don't need any capital at all, to start a EPU (One-Person-Company) which is really convenient. You can do that in any country. Austria sucks donkeyballs for staring an actual company however. You need 35.000 in capital and you need to involve a notary. The additional cost for actually getting the company in place is a few thousand euro, you need to listen to the notary read down the contract you mad…

Heh - your comment reminds me of one of my impressions of Austria, where we spent a couple years: "a lot of the same bureaucratic BS as Italy, just administered a lot more efficiently".

I'm cautiously optimistic that things are going to change. The bureaucracy is efficient, no doubt there. However some of it just has no reason to exist and we all would be better off by getting rid of it.

Re: I’m Joining Stripe to Work on Atlas

#179

Post by sanswork »

basisword wrote: post #48

First time I've seen Atlas. I'm immediately worried. If someone starts a company using this I presume it's subject to US laws? What does this mean: 1. For taxes? If I live in the UK and start my business with Atlas does the US get the corporation tax revenue or the UK (or a split of the two)? 2. For data security/privacy? Is the data I store now subject to access by the US government through National Security letters…

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.

Re: I’m Joining Stripe to Work on Atlas

#180

Post by edwinwee »

nitam wrote: post #95
edwinwee wrote: post #49

Earlier quoted context omitted.

We only support incorporating in Delaware at the moment, but are hoping to add other locations in the future!

Any idea when forming a LLC in Delaware becomes available?

We don't have an ETA yet, but we are planning to add support for other company structures, like LLCs.
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