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Info I would find useful in deciding to proceed with Atlas: 1. What are the ongoing costs for a company which, worse case scenario, makes little or no money?
by WordSkill 10y ago
Info I would find useful in deciding to proceed with Atlas:
1. What are the ongoing costs for a company which, worse case scenario, makes little or no money?
2. What are the costs to close such a company, fulfilling the likely tax and regulatory requirements?
I do understand that Stripe is not a law firm or an accounting firm, and I have read through the publicly available documentation. Even so, I find myself uneasy about the possible downsides of getting tangled up with the US system.
Obviously, if everything goes well nothing will be a real problem: the money coming in can cover all sorts of ridiculous fees, tax demands and ridiculous bank charges. I am sure, however, that many potential owners are, like me, more focused upon the possibility that they might find themselves in a financial and paperwork blizzard that will drag on for years.
I am grateful that Atlas makes it easy to jump in, but how difficult will it be to jump out if necessary?
Related: I get that making the entire Atlas Forum members-only adds to the perceived value of membership, but it is frustrating for potential applicants who are hungry to hear about the experiences of others. Having just one open section would almost certainly encourage more people to go ahead and sign up.