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Stripe Atlas

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181–190 of 402 posts

Re: Stripe Atlas

#181

Post by swampthing »

seiji wrote: post #142
koolba wrote: post #6

Interesting angle. For a while I've wondered why nobody does a tech/startup version of "Company in a box". This looks like it's exactly that. Incorporation, payment processing, the works. Is Stripe getting a cut of the eventual revenue from the service providers that are providing the offerings? What's the incentive on their side? Or are they just hoping to scrape by on the transaction fee revenue (which are way less…

A few places offer "Company in a box" but without the automatic bank account (e.g. search google for any "Register a company" keywords or even the more startup focused https://www.clerky.com ). The most amazing this here is obviously the automatic bank account integration. The last time I set up a SVB account I had to drive to their Santa Clara office, meet someone, convince them I'm not a hack fraud (lol, tricked th…

Yea, that's a very accurate guess - the way to think about it is that Stripe Atlas will more or less do the bare minimum necessary to get you processing payments on Stripe (though they put you in touch with folks to handle the rest).

Clerky's more of a full-package solution from the legal side of things (but obviously not on the banking / payments side).

There's also no need to apply for Clerky - anyone can just sign up and get it done immediately.

Re: Stripe Atlas

#183

Post by kalms »

glossyscr wrote: post #82

I just checked the prohibited businesses https://stripe.com/de/prohibited-businesses I am fine with most of them being prohibited but at some points it's getting quite restricted: 1. Virtual currency that can be monetized, re-sold or converted to physical or digital products or services or otherwise exit the virtual world 4. Sexually-oriented or pornographic products or services 9. Engaging in deceptive marketing pra…

Seriously? Sexually-oriented services excludes a lot of legitimate, serious businesses. Seems fairly simple minded to me, but maybe that's the European in me speaking.

Re: Stripe Atlas

#185

Post by adarsh_thampy »

Stripe. We love you.

Recurring billing is such a pain in India and we have been thinking about registering in the US for a while. More than the high costs some of the lawyers charge, the issue is with opening a bank account.

Applied for the beta. Hopefully, we'll get accepted soon. Even if I don't make it to the free list, I'll gladly pay the 500$ fee. That probably should tell you enough since it's coming from a bootstrapped startup founder.

Re: Stripe Atlas

#186

Post by junto »

ashmud wrote: post #140
glossyscr wrote: post #82

I just checked the prohibited businesses https://stripe.com/de/prohibited-businesses I am fine with most of them being prohibited but at some points it's getting quite restricted: 1. Virtual currency that can be monetized, re-sold or converted to physical or digital products or services or otherwise exit the virtual world 4. Sexually-oriented or pornographic products or services 9. Engaging in deceptive marketing pra…

> 15. Age restricted products or services (which are the most products/services) Wouldn't you need to be the age of majority to use Stripe at all?

Would this include cinema tickets to R rated movies?

Re: Stripe Atlas

#187

Post by seiji »

swampthing wrote: post #181
seiji wrote: post #142

Earlier quoted context omitted.

A few places offer "Company in a box" but without the automatic bank account (e.g. search google for any "Register a company" keywords or even the more startup focused https://www.clerky.com ). The most amazing this here is obviously the automatic bank account integration. The last time I set up a SVB account I had to drive to their Santa Clara office, meet someone, convince them I'm not a hack fraud (lol, tricked th…

Yea, that's a very accurate guess - the way to think about it is that Stripe Atlas will more or less do the bare minimum necessary to get you processing payments on Stripe (though they put you in touch with folks to handle the rest). Clerky's more of a full-package solution from the legal side of things (but obviously not on the banking / payments side). There's also no need to apply for Clerky - anyone can just sign…

The most curious part about Stripe Atlas is they are just ε away from doing it all themselves now. Doesn't take giant leaps of the imagination to see where it could be headed next.

The whole "apply" stage is probably just because it's a new service. Don't want to have 10,000 people jumping on your as-yet-unproven process without a gating mechanism.

Re: Stripe Atlas

#188

Post by michaelschade »

mrfusion wrote: post #141

Are there tax issues with Delaware llcs? I feel like I've read about people getting hit with huge deleware tax bills out of the blue?

There are tax obligations you'll need to take into account. We've partnered with PwC to help give you guidance from a US perspective. We've put together a bit more info on the costs here:

https://stripe.com/atlas/faq#Are-there-any-additional-costs-...

Re: Stripe Atlas

#189

Post by randomdrake »

rpedela wrote: post #173
randomdrake wrote: post #132

Earlier quoted context omitted.

This is wrong. You do not have to be a C Corp to accept investments. Not sure where or how this idea got started. There are even advantages to LLCs that some savvy investors prefer as a matter of fact. It more comes down to the source of the actual money in the fund than the fund itself. Also they are quite easy to setup. Requiring a simple Internet form and a few checks written here and there. Additionally it is ext…

> Whether you switch it from "investments" to "VC investments" Lol! I noticed I made a typo (missing VC) within one minute of submitting and fixed it. Wow you are fast.

You can laugh all you want but this is a pretty serious topic that most founders get completely wrong. I am a bit adamant about the correctness of this because I've had to repeat the advice and information to a lot of people.

For some reason you, and a lot of other folks, have gotten ideas in your head like:

- an LLC is somehow a lesser entity than a C Corp

- you can't raise money with an LLC

- you're not as well protected with an LLC

These are all completely false in a lot of very important ways that can make differences that have many commas when it comes time for liquidity events or payouts of any sort.

Re: Stripe Atlas

#190

Post by historian1066 »

bigpoppa wrote: post #37

well, im not impressed. stripe took it 80% the way there, they left out logistics. freight, customs and last mile are the most expensive and complicated factors of global physical ecommerce. where is the stripe solution to simplify that?

Shameless plug: we are working on this at Tundra (http://www.tundra.com) for global B2B e-commerce and logistics. We allow suppliers to easily sell their products to other businesses.
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