Ask HN: For those building 'microstartups' – how do you manage payments?

Re:Ask HN: For those building 'microstartups' – how do you m... by kureikain on Monday March 08, 2021 @05:40AM (#26384270)

You don't have do incorporated at all.

All you need is an idea and build an app. Connect Stripe to your personal account to receive payout. That's all.

Unless you do consulting or have business partner, I think you just stick to a sole proprietorship. As in, dont have to do anything, SaaS and Bank account all under yourname. Just get a separate bank account.

Focus on your app, get paid customer first, withdrawal money to your own bank account.

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Re:Ask HN: For those building 'microstartups' – how do you m... by radihuq on Monday March 08, 2021 @09:55AM (#26386386)

Wow I always assumed you needed a business bank account to receive payouts from Stripe et al. Thanks for this info!

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Re:Ask HN: For those building 'microstartups' – how do you m... by mihailpalelogu on Monday March 08, 2021 @11:18AM (#26387346)

Wait. Is it possible to open a personal account at Stripe, or is there some loophole I'm not seeing?

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Re:Ask HN: For those building 'microstartups' – how do you m... by kureikain on Monday March 08, 2021 @06:42PM (#26393208)

yes, you can totally open a Stripe account. and connect with your personal bank account. I used to do that and it works and I can receive payout from Stripe just fine.

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