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What are the advantages over using Stripe Atlas and having a US Delaware C Corp for $500?

• dullgiulio 9y ago
  Maybe it needs to be in the EU.
• fijal 9y ago
  I tried to sign up for stripe atlas in beta and they didn't want me :) More seriously - owning shares in us companies create scary tax implications that require some advice when having us clients. US banking system is stuck is in the 1800s and dealing with it is a very serious pain. US legal system, unlike European is very unfriendly for individuals - its just infeasible to do stuff yourself on a shoestring budget, without hiring professionals.
  • adventured 9y ago
    > its just infeasible to do stuff yourself on a shoestring budget, without hiring professionals. Millions of new businesses are started every year in the US on a shoestring and without hiring professionals.
    • slededit 9y ago
      For foreign owned companies there are a myriad of complex reporting requirements a US person would never see. Despite not even being a tax form some of these (e.g. FBAR) have penalties of 50% of the unreported amount. It's not something you want to leave to chance.
    • forapurpose 9y ago
      > Millions of new businesses are started every year in the US on a shoestring and without hiring professionals. I don't think that's meaningful. There are 320 million people in the U.S., and only a tiny proportion of people anywhere would consider opening their business in another country. That doesn't mean there isn't a high barrier to accessing the U.S. legal system. For example, as we know, well-funded parties often defeat poorer parties by simply threatening legal action, because the poorer party cannot afford to use the legal system.
  • r00fus 9y ago
    > US banking system is stuck is in the 1800s As someone who has to work integrating to banks, yeah this is sad but true.