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Just wanted to chime in because I've been using Atlas for over a year and am very happy with both the service and the team at Stripe. SVB sucks, true. But $300
by ed 8y ago
Just wanted to chime in because I've been using Atlas for over a year and am very happy with both the service and the team at Stripe.
SVB sucks, true. But $300/yr for a bank account should not be a deal breaker. You'll pay way more than this just to operate the corporation and stay alive.
I think I pay around $800/yr just to keep the corporation running (almost non-existent accounting, filing fees and franchise taxes to Delaware). And now that I'm a C Corp I have payroll taxes in addition to salary (~$2k/mo). As always, be sure you really need a corporation before you create one. Most of the tax benefits you get with a corporation (e.g. write-offs), you get as a sole proprietor too.
Atlas also made filing 2017 taxes trivial, I never even spoke to an accountant, it was a very smooth process.
- mikob 8y agoI don't think 300/year for a bank is itself a deal breaker. Just if it's a crappy bank and I can spend a couple hours fixing that, then it's well worth the 300/yr savings + having a better bank. The trouble is Stripe Atlas has not really been working with me and adding an extra layer of complication. Support team is responsive but issues remain with the product.