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by patio11 2542 days ago
(I work at Stripe.)

You can email us and we’ll introduce you to a lawyer who can assist you with winding down the company. In the simplest case this costs $500.

Speaking generally, the complexity depends on what you’ve done with the company. Dissolving a company which has had a paper existence but never done anything is straightforward; shutting down a company with material operations, payroll, legal commitments, etc requires materially more work. The supermajority of that is figuring out to do about the commitments rather than the entity per se.

1 comments

> ... Part of the vision for Atlas was that one could do companies as easily as getting an m3.medium. We’re getting there. [0]

Even though there's a caveat ...

>Not legal advice: companies don’t have an Undo button and you probably shouldn’t make one on any given Tuesday for the heck of it... but you totally could form a real, honest-to-Delaware company on any given Tuesday, and there are a lot of things that company could then do. [1]

... somehow I think that the button to create a Delaware C-corp should come with agree-to check-boxes something like this:

∙ I have read Paul Graham's essay on playing house [2] and I'm not just creating a company because that's something startups do.

∙ I understand that there are more lightweight incorporated entities that offer limited-liability and other benefits that might better suit my use-case and that are easier to wind down than a Delaware C-corp.

See also my comment elsewhere in this story. [3]

[0] https://twitter.com/patio11/status/1047017099749666817

[1] https://twitter.com/patio11/status/1047018192097464320

[2] http://www.paulgraham.com/before.html

[3] https://news.ycombinator.com/item?id=20379633