I'm a SaaS Startup. Can do sales without incorporation?

Posted by minasmarios on Saturday June 27, 2020 @05:11AM
from the self-post dept.

Hello Founders! We just got our 1st paid customers but I'worried whether we should incorporate immediately or not. 1. Should a SaaS Startup be incorporated in order to get paid through Stripe/Paypal/Credit Card, legally? 2. Is there a threshold of being not exactly legal? 3. Is there any like "Umbrella company" service to pay the taxes for you, without needing you to incorporate?

( 1 comment | 2 points | on HN )

Re:I'm a SaaS Startup. Can do sales without incorporation? by brudgers on Saturday June 27, 2020 @10:07AM (#23661910)

In the US, most states make it easy to form an LLC with minimal paperwork. That's enough for most businesses.

You need to pay taxes. That's part of running a business. Your pricing should be high enough to hire accountants.

Good luck.

[ Parent | on HN ]