Stripe opens its Atlas program to US-based startups

Re:Stripe opens its Atlas program to US-based startups by nodesocket on Thursday April 06, 2017 @01:56PM (#14052881)

I have a California LLC (sole prop) which is a disregarded entity for tax purposes. LLC is perfect if:

  a) you don't plan on raising investor capital
  b) are a single founder, who just wants liability and corporate benefits and protections
  c) want to easily pass money from the business to personal

Do be aware there is a flat $800 a year California LLC fee even if you don't make a cent (which is unfair and anti-small business), but is what it is.

[ Parent | on HN ]

Re:Stripe opens its Atlas program to US-based startups by enraged_camel on Thursday April 06, 2017 @06:16PM (#14055181)

FYI the $800 fee is forfeited during the LLC's first year of operation. BUT it's based on calendar year IIRC, so if you're penny-pinching, it may be worth waiting until January to file the paperwork. That way you get all 12 months' worth!

[ Parent | on HN ]