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by rootsudo 2542 days ago
https://stripe.com/atlas

I can see the convenience, but also a delaware corporation may have some negative downsides. - Foreign in other states and where you may be - and additional taxes and paperwork.

Plus it'd be hard to deal business in any state outside Delaware for renting or bank accounts. Yes, I see that Silicon Valley Bank is there and opened upon being accepted but - you're putting all your eggs/liabilities into the Stripe Basket.

FEIN - anyone can do that, not an issue.

"Free Templates" from Stripe - I'd be 100% careful using templates for any sort of business w/o having a lawyer you've personally hired overlook it. I've defeated and found loopholes in many off the internet templates for contracts and business formations - this is critical because you can give your opponents leverage (pierce corporate veil) if something isn't accurate or applicable where YOU are residing/taken to court.

It's cool - I can see it as a feature for tying in the credit card processing/merchant account/business formation and letting people host SAAS/Cloud services - but having Stripe as your Registered Agent just, is, too much?