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by dirktheman 3049 days ago
Stripe Atlas might be too soon for you... Focus on getting some sales first. While Stripe Atlast is great (and cheap!) for what it is (setting up a US bank account and a Delaware C-Corp) do realize that you'll have to file taxes in the US from now on.

If you use a payment provider (like Stripe, which is awesome!) you'll be able to charge people from the US just the same without going straight to tax hell.

Sell, sell, sell. Worry about LLCs and US bank accounts and EIN numbers later.

More: https://hackernoon.com/stripe-atlas-is-not-for-everyone-cave...

1 comments

Looks like you are right, but how can I setup payment system without the EIN number? Stripe won't allow it
I built Slyme (https://5ly.me) and couldn't find any usable payment platforms. I live in India and couldn't automate payments from the US. This is really a big problem. Stripe is expanding to other countries in the future though.
Stripe India is in private beta, I believe. Can you use something like Razorpay? Also I read somewhere that incorporating a business in India and setting up a bank account is a really difficult process... here in The Netherlands you can do it online and it's almost immediate...
I would personally discourage you from incorporating as a Delaware C corp unless you absolutely have no other option. On top of the registered-agent fees, Delaware charges a minimum of about $700/year in taxes. For a company with no revenue, no liability, and no investors, it's extremely expensive and offers no benefit over any other corporate entity registered elsewhere.

You're probably far better off filing for something like a Wyoming LLC[0] for about $150 initially and $75/year after that (if an LLC will work for you internationally).

I'm not an accountant or attorney and I strongly suggest paying one for at least an hour of their time to get some professional advice.

I think Delaware has no state corporate income tax and that's why a lot of businesses incorporate there.
I don't know where you're based, but here in the Netherlands I can set up a Stripe account, connect any Dutch bank account and start charging worldwide. They do need a tax identification number but that's trivial to get here.