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(Slightly off topic) Please add LLC support in Stripe Atlas! It's a much better fit for most businesses and if companies decide to raise money from investors, c

(Slightly off topic) Please add LLC support in Stripe Atlas! It's a much better fit for most businesses and if companies decide to raise money from investors, converting to a C-corp is easy. Not sure if you can answer, but what's taking Stripe so long to add LLC support? LLC support was planned from launch day and it's been 2 years since then. LLCs also have better privacy than C-corps. No information is in the public domain if everything is done through an agent. For C-corps, name and address of the owners are part of the public domain and can be obtained by anyone by contacting the relevant authorities. Also looking forward to the "Payouts only" feature in Stripe connect. Another question : how many members are in the private Atlas community forum? In the mean time is there something like Stripe Atlas for LLCs?

patio11 9y ago
Our desired end state for LLC support is that it feels like you're just making a radio selection between C corp and LLC, and Everything Else Just Works. A core thing Stripe does is abstract away complexity. Unfortunately, this doesn't make complexity go away, it just means we have to have systems/processes/relationships/etc ready to deal with it. [+] Making everything else work is substantially more complicated than implementing the radio button. We eagerly await when we're able to show it off. There exist a spectrum of options within the United States for how public the owners of LLCs are. In many states, for example, the owners are a matter of public record. (Feel free to search Nevada for Kalzumeus Software, LLC.) I'd love to hear in more detail about what specifically you want regarding privacy; feel free to drop me an email. There are some points on the spectrum which are easier to offer (e.g. "I don't want my home address on the public records for my company.") and there are some which we are very unlikely to offer. We've incorporated thousands of companies. All of them have access to the forum. We probably won't comment more specifically than that. [+] An example which is near and dear to my heart: any Stripe user anywhere can trivially price a product in Japanese yen; you just change the currency parameter in your API call and your customer gets charged JPY instead of e.g. USD. There is no small amount of technical, legal, and organizational plumbing that makes that possible. You'll never need to think about it. For example, to charge a Japanese bank's credit cards, one will need to staff a phone number which rings an office in e.g. Tokyo such that a bank's customer service representative can call to look up a transaction that the bank's customer had a question about. You don't have to be able to take that call. We do. There's a lot of things like that in the world. (If you want a job with a very, very high rate of learning about how messy global financial infrastructure is and how its towering achievements can be improved upon, we're hiring aggressively HN.)
- atlas_q 9y ago
  Thank you for the detailed response. Re privacy: At least in Delaware, I can have an LLC without having my name and address in the public domain, so such a setup would be ideal and it's perfectly legal. Like you said, it varies by state, so here's hoping that Stripe chooses a state which at least lets owners keep their address out of the public domain if not their name. Another suggestion : setup an email capture form for people interested in LLC support, I suspect the interest would be far greater than what Stripe ever had for C-corps. As a bootstrapper, you know that there are far more lifestyle business owners who will never consider setting up a C-corp, but will jump at the chance of setting up an LLC though Atlas.
drewda 9y ago
It's not a full equivalent to Stripe Atlas for LLCs, but you'll find a nice range of "a la carte" options for forming and running LLCs from this registered agent: https://www.northwestregisteredagent.com/ https://www.northwestregisteredagent.com/
- toomuchtodo 9y ago
  Love their tag line “we’re just not annoying.”

patio11 9y ago

Our desired end state for LLC support is that it feels like you're just making a radio selection between C corp and LLC, and Everything Else Just Works. A core thing Stripe does is abstract away complexity. Unfortunately, this doesn't make complexity go away, it just means we have to have systems/processes/relationships/etc ready to deal with it. [+] Making everything else work is substantially more complicated than implementing the radio button. We eagerly await when we're able to show it off. There exist a spectrum of options within the United States for how public the owners of LLCs are. In many states, for example, the owners are a matter of public record. (Feel free to search Nevada for Kalzumeus Software, LLC.) I'd love to hear in more detail about what specifically you want regarding privacy; feel free to drop me an email. There are some points on the spectrum which are easier to offer (e.g. "I don't want my home address on the public records for my company.") and there are some which we are very unlikely to offer. We've incorporated thousands of companies. All of them have access to the forum. We probably won't comment more specifically than that. [+] An example which is near and dear to my heart: any Stripe user anywhere can trivially price a product in Japanese yen; you just change the currency parameter in your API call and your customer gets charged JPY instead of e.g. USD. There is no small amount of technical, legal, and organizational plumbing that makes that possible. You'll never need to think about it. For example, to charge a Japanese bank's credit cards, one will need to staff a phone number which rings an office in e.g. Tokyo such that a bank's customer service representative can call to look up a transaction that the bank's customer had a question about. You don't have to be able to take that call. We do. There's a lot of things like that in the world. (If you want a job with a very, very high rate of learning about how messy global financial infrastructure is and how its towering achievements can be improved upon, we're hiring aggressively HN.)

atlas_q 9y ago
Thank you for the detailed response. Re privacy: At least in Delaware, I can have an LLC without having my name and address in the public domain, so such a setup would be ideal and it's perfectly legal. Like you said, it varies by state, so here's hoping that Stripe chooses a state which at least lets owners keep their address out of the public domain if not their name. Another suggestion : setup an email capture form for people interested in LLC support, I suspect the interest would be far greater than what Stripe ever had for C-corps. As a bootstrapper, you know that there are far more lifestyle business owners who will never consider setting up a C-corp, but will jump at the chance of setting up an LLC though Atlas.

drewda 9y ago

It's not a full equivalent to Stripe Atlas for LLCs, but you'll find a nice range of "a la carte" options for forming and running LLCs from this registered agent: https://www.northwestregisteredagent.com/ https://www.northwestregisteredagent.com/

toomuchtodo 9y ago
Love their tag line “we’re just not annoying.”