What better to incorporate a Deleware C-Corp. Clerky or Stripe Atlas and why?

Re:What better to incorporate a Deleware C-Corp. Clerky or S... by gmays on Thursday August 05, 2021 @03:46PM (#28078613)

I haven't used Clerky, but I've been VERY impressed with Stripe Atlas. They handled everything from formation to issuing shares, obtaining an EIN, and even setting up a bank account.

My only minor gripes are I wish they offered more options for banking and registered agent services.

Banking: SVB is the only bank option, which has a $25/mo. fee until your balance is over a certain limit. Other options like Mercury would be good. Though, if I recall correctly, the bank setup is optional, so you can skip it and pick your own bank after formation.

Registered agent: The service they use was $100/yr (first year free). But after some research, I ended up switching to virtualpostmail.com, which gives you a virtual business address (which we needed anyway since we're fully remote) and includes free registered agent services.

Those are relatively minor issues though, I highly recommend Stripe Atlas. And it works well regardless of whether or not you use Stripe. They also include credits/discounts for various services.

I discovered Stripe Atlas through YC's startupschool.org (which is excellent). They had a 50% discount on Stripe Atlas (and other things) when you went through the program.

I used Stripe Atlas in mid-2020, so not sure what has changed since then.

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Re:What better to incorporate a Deleware C-Corp. Clerky or S... by gumby on Thursday August 05, 2021 @04:48PM (#28079566)

> Banking: SVB is the only bank option

I’ve used SVB for over 20 years in multiple startups, but they have sadly really lost it and won’t use them anymore. One of my partners, who used to go skiing (etc) with the SVB team has given up on them too.

First Republic (which I would not have guessed) has really built a good startup practice (and poached a bunch of people from SVB).

The big banks are terrible and at best treat startups like small businesses, though the two have different needs.

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Re:What better to incorporate a Deleware C-Corp. Clerky or S... by cercatrova on Friday August 06, 2021 @12:26AM (#28083311)

SVB is not the only option now, Mercury is also an option now and it's much better than SVB.

https://stripe.com/docs/atlas/next#bank-account

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Re:What better to incorporate a Deleware C-Corp. Clerky or S... by RikNieu on Friday August 06, 2021 @03:17PM (#28091650)

How do taxes work? And legal an accounting fees?

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Re:What better to incorporate a Deleware C-Corp. Clerky or S... by gmays on Friday August 06, 2021 @04:06PM (#28092145)

Those are separate. Though, they do provide a lot of guidance via documentation. They also offer discounted EOY tax services through a partner, which we used and were very affordable.

But there are a number of things you'll have to track and handle yourself, like filing your 83b election with the IRS.

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