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Ryan Crowe

Stripe Atlas for LLCs - Founders can now use Stripe Atlas to form an LLC!

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Founders can now use Stripe Atlas to form an LLC. The Stripe Atlas LLC has been designed to maximize flexibility for technology founders.

Sign up for Stripe Atlas for LLCs by clicking here!

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Paul Jarvis
For non-americans, what are the differences in terms of benefits/drawback for an LLC vs CCORP?
Csaba Kissi
@pjrvs I'm really interested too.
Taylor Francis
Maker
@pjrvs @csaba_kissi Founders from around the world can use Stripe Atlas to form an LLC or a C Corporation. It's up to you to figure out which entity is right for you. One consideration that is quite relevant for members of an LLC who live outside the U.S. or are not U.S. citizens is taxation. Owning an LLC can expose non-U.S. owners to very complicated tax situations. Non-U.S. members may be subject to US _personal_ income taxes on the company's income. Some non-US founders choose to form C Corporations because the _company_ is taxed on the company's income. More on this here: https://stripe.com/atlas/guides/.... This gets complicated fast, so we recommend folks chat with a lawyer or accountant to dig into the details of what's right for them.
Richard Graham
@pjrvs @csaba_kissi @taylorfrancis as an accountant I will be able to help advise you on tax minimisation.
Subhanjan Sarkar
@richard_graham How does one get in touch with you?
Taylor Francis
Maker
Hi, Product Hunt - We're super excited to bring Stripe Atlas for LLCs to you. We've got the entire Atlas for LLC team ready to answer questions about the product or even LLCs in general. Looking forward to hearing from you!
Ronald Langeveld
Please launch in South Africa ❤️. Would make life for us Indie Founders so much easier. We don't have decent payment processors in SA 😭.
Jacques van Heerden
@ronald you'll still be looking at a 7day roll on funds availability which PayPal does offer, but yes, I agree that SA needs bigger players in the space. — Sidenote, saw you enjoyed the barrels in my hometown(Jbay).
Ronald Langeveld
@jacquesvh Yes that's exactly what I'm dealing with at the moment... Paypal is linked to my FNB account. :)
Leandro
Highly recommend Stripe Atlas. Used them for C Corp, and service is impeccable. It took 1 week for everything to be done, including bank account. Very impressed!
Akash Mukherjee
Do you also plan to extend Stripe Atlas to register business in other countries like Singapore?
Taylor Francis
Maker
@akashdmukherjee17 That's definitely on our radar, though we don't have plans to share just yet. (Would be interested in hearing your thoughts on _where_ would be most useful, though! Either here or via email at tmf@stripe.com)
Akash Mukherjee
🕹️ Ray Angel

The guys at Stripe Atlas were amazing to get everything setup for a C-Corp in the past. I imagine the LLC offering will be just as great.

Pros:

Fast program

Cons:

Silicon Valley Bank

Ivan Braun
Is Silicon Valley Bank a bad thing? Could you elaborate please?
Alex Panagis
What made you list SVB as a con?
Sharfunnisa Quadri
wow just what i was looking for. so how do i sign up?
Taylor Francis
Maker
@sharfunnisa_quadri You can sign up for the beta here -- https://stripe.com/atlas#start-llc -- and we'll get back to you shortly!
Taha ahmed khan
Great, next make our dream come true: EU VAT MOSS handled by Stripe.
Shane Carlson
Do we have to register our LLC in Delaware still? I understand the benefits of a C Corp, but an LLC? Can we register in our state of residency?
Taylor Francis
Maker
@s_carlson The Stripe Atlas LLC is formed in Delaware. The fact that Delaware corporate law is widely understood presents advantages for forming an LLC there, just as for corporations. It also simplifies the path to converting to a Delaware C Corporation down the road (i.e. if you end up raising money from investors). That said, we're starting out in beta and are certainly open to adding other LLC jurisdictions down the road.
Richard Graham
Is there a platform to facilitate an introduction to accountants to advise on tax implications?
Taylor Francis
Maker
@richard_graham We do connect Stripe Atlas founders with layers and accountants, with special discounts. Here's an example of how this works during tax season: https://stripe.com/blog/atlas-taxes. Happy to talk more about it - tmf@stripe.com
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