271–280 of 402 posts
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What's a "US person"?
I'd have to copy a whole page of various things that make you fall into that definition. Citizens and residents obviously are such US persons but there are others like having a US phone number. See my comment above.
So any tourist who's bought a pre-paid SIM at an airport is an "US person", and probably therefore filled out a form or two incorrectly? (Or even illegally?)
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…
> 9. Engaging in deceptive marketing practices (here: who decides what is 'deceptive') If you have to ask whether you're being deceptive, or the answer depends on who decides, you're doing something horribly wrong.
Heck I'd even argue that Google Fiber's page has several statements and claims which are suspect.
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You must be a C Corp to accept VC investment. It is expensive and time consuming to go from LLC to C Corp. Maybe you mean S Corp which has some similarities with LLC but it is easy to switch to C Corp if you need to. I generally agree they should not offer C Corp though because the paperwork is extremely complicated and cannot be done correctly by an internet form at least in my experience. EDIT: I should have said v…
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…
Earlier quoted context omitted.
You must be a C Corp to accept VC investment. It is expensive and time consuming to go from LLC to C Corp. Maybe you mean S Corp which has some similarities with LLC but it is easy to switch to C Corp if you need to. I generally agree they should not offer C Corp though because the paperwork is extremely complicated and cannot be done correctly by an internet form at least in my experience. EDIT: I should have said v…
> You must be a C Corp to accept investment. This is not true. You can sell membership interest in an LLC the same way you can sell stock in a C corp. And in my experience it's fairly simple to go LLC to C. I didn't get confused with S corps.
Just wondering, could I use Stripe Atlas to incorporate a U.S. company, when I live in Norway? For example, could I use this to create a U.S. holding company to own and trade US stocks?
As for Norway, we're actually live already! You can start accepting payments today: https://dashboard.stripe.com/register?country=NO.
If Atlas is implemented as promised (probably a safe assumption given the Stripe team), it will afford founders throughout the world a pain-free entry point into the world's most advanced economy, opening the way for key financing, for seamless payments processing, for ease of banking transactions to get people paid and to move funds easily, and for access to advice and guidance from people in the know to address a w…
While I don't have much to add, this is very interesting and almost feels patriotic (as an American.) Stripe is, in a way, hacking the global economy and luring entrepreneurs to the do business in the United States. While this iteration may fall short of perfection, or open questions, it also opens up some imagination and interesting ideas or possibilities. Could this be the beginning of startups offering citizens of…
Most of the worlds capital flows through off-shore finance (Cayman Islands, Isle-of-man, etc), see http://treasureislands.org . For finance, biotech, etc. jurisdiction arbitrage is pretty standard. It's what the big corporations and billionaires do to avoid taxes, and more generally the law. OFC's are strongly tied to the financial centers of NY and London. I doubt that this product is all that useful for entrepreneu…
If a single entrepreneur could configure a multi-national business that would be interesting. For what purposes or benefit, that is up for imagination and debate. But this whole idea is interesting from a globalization standpoint. I do understand where you are coming from regarding crypto-currencies; I was merely referring to them as a transfer of value mechanism.
Without descending into a long topic, there are still issues with issuing colored coins or stocks using crypto-tokens. For example, where do you litigate issues or handle shareholder complaints? Crypto-stocks are still premature and lacking proper frameworks; real world case studies and success stories are needed. Crypto-companies still rely on geography bound jurisdictions to handle hosting, accounting, laws, etc. Perhaps in the future many issues will be resolved with crypto-autonomous contracts (in theory.) Or with other agreements and digital court systems, etc. In the meantime, if you issue a crypto-stock, the reality is shareholders need legal systems to work within, otherwise crypto-stocks are literally dust without any enforceability.
This means nothing for me (and should also mean nothing for the targeted audience of the post). I've been constantly ignored from Stripe since they launched their beta in Mexico (actually way before that, I subscribed years before, when Stripe launched in the US). I can't do business with them because I'm not part of their secret club, while at the same many businesses here somehow get access and start using them. Th…
The whole purpose of Stripe is to make basic tools for starting an internet business more broadly available and without barriers. The core of our strategy is to eliminate gatekeepers and secret clubs. We’re openly available in 18 countries today (you can see the complete list stripe.com/global) and hundreds of thousands of businesses use Stripe after openly signing up. Because businesses’ livelihoods and revenue are…
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> You must be a C Corp to accept investment. This is not true. You can sell membership interest in an LLC the same way you can sell stock in a C corp. And in my experience it's fairly simple to go LLC to C. I didn't get confused with S corps.
Generally true when VC is (potentially) involved.
And you can always go from LLC to C if you're taking VC investment.
And you should be able to stay as an LLC if VCs would learn to use blocker corps like PE shops do. VCs don't do that but not for any principled reason as far as I can tell.
If Atlas is implemented as promised (probably a safe assumption given the Stripe team), it will afford founders throughout the world a pain-free entry point into the world's most advanced economy, opening the way for key financing, for seamless payments processing, for ease of banking transactions to get people paid and to move funds easily, and for access to advice and guidance from people in the know to address a w…
I'm still a little confused on whether or not this is better than incorporating in your own country. Is this more geared to accelerator startups who are thinking of moving to the US? Certainly US incorporation is not required (or even all that helpful?) in establishing a US presence?