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So basically you are a group of non US citizens living in the US and wanted to have a shared entity to do investments? Well I guess then a Delaware C Corp is th
by SkyAndSand 4y ago
So basically you are a group of non US citizens living in the US and wanted to have a shared entity to do investments? Well I guess then a Delaware C Corp is the logical solution? Did you use Stripe Atlas to set it up?
- renewiltord 4y agoYes, right on the money. Though there's a slight natural difference for us to accommodate later participants. Yeah, we used Stripe Atlas, though none of the startups we run are through that. Overall, quite painless to be honest.
- SkyAndSand 4y agoAwesome, thanks. May I ask why you went with the C Corp and not an LLC? Probably to make it easier for new investors?
- renewiltord 4y agoActually, I just checked our Stripe Atlas. Originally intended the C corp so we could bring people in but we were instead advised to just start a new LLC each time if we wanted and that we could have one LLC just be the owner of the other. So I should correct this. We did end up with an LLC but the C corp would have worked just fine apparently. Thanks for bringing that up. I'd forgotten.