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Great with the payment solution. But why would anyone want to pay US corporate tax, US accountants etc. - often on top of the local tax, local accountant etc?
by flexie 11y ago
Great with the payment solution. But why would anyone want to pay US corporate tax, US accountants etc. - often on top of the local tax, local accountant etc?
Don't forget that many other countries would still regard the "Stripe Atlas company" as taxable in their local country if the company is actually run from the local country or has offices in the local country. So from day one you would have to deal with international taxation, double taxation etc.
- pekk 11y agoDo you really need an explanation of why people might want to do business in a way that includes the US? If you don't want that feature, why complain about Stripe - just incorporate and get a bank account in Honduras or wherever you think it is most useful to your business.
- michaelschade 11y agoTalented entrepreneurs from all over the world want to start a business, but not all the countries these entrepreneurs are in have access to the business and banking infrastructure entrepreneurs need to establish a company that's global from day one. Incorporating in the US, for example, allows companies to issue stock to employees, makes it easy to raise money from global investors, and provides the stability of clear corporate rules and case law. (This is why 60% of the Fortune 500 are incorporated in Delaware). There are also many more business services available to US companies than might otherwise be available to companies based in smaller countries with emerging economies. So while you're right that there are taxes and other things that come into play when running a business, we find people are already coming up against these roadblocks today -- we built Atlas to reduce this complexity. We hope to see more businesses started because of this.