> We ended up setting up our C Corp and it cost us money (thousands total)
Using your Pricing page, it'll cost $4.141 to kickstart an LLC for a non-US resident. The biggest costs being "Form 5472/1120 Tax Filing", getting an "ITIN/EIN" and bookkeeping. That being said, if you assume doing the "whole shebang", then I think you got something here. Most of the services you happen to find just want to incorporate and get you out of the door. Incorporating is easy (and relatively cheap) but everything else is expensive and risky.
Another question: Why no Delaware C Corp option? I understand that you are targeting SMB, but for non-residents I think the C Corp makes more sense).
Hi Arjawn. Congrats on the new business, its a well needed area. Do you have any thoughts on StartPack vs Firstbase.io and Stripe Atlas?
I setup a stripe atlas account long time back and they gave me a Delaware inc for $500.
It was an impulse decision and i Haven't had much user for it except a few recurring subscriptions that are enough to pay for $25/mo that svb charges + $500 Delaware annual franchise charges + $300 that greenback charges annually.
Let's say if instead of doing that i used your services, are there any cost saving? Just asking since you guys are already here.
P.s. I'm a solo founder with no employee in US and at the time I setup the account the only option was inc.
What bank options/introductions are available?
Are you providing introductions to first tier banks via connections (Chase, BoFA, etc) or is it simply to something such as Mercury?
I love this. I've been waiting for this for a long time. Do you handle formation in low-tax jurisdictions as well? (Wyoming, Nevada)
Do you support US citizen founders who intend to be expats and no longer reside in the US?
I love this because I need, like, two LLCs per year for random, probably short lived, things.
What’s the difference between you and firstbase?
is there something like this for other countries say singapore? US corp only makes sense if majority of customers are US based.
Cool, but we can already access US payments from a lot of countries already with Stripe (not talking about Atlas here), no ?
Congratulations on the launch! Greetings to JP!
How would this work under Public Law?
Hi Arjun, congrats on your launch!
I'm a non-US who knows a bit about going through the US incorporation.
I've never considered an LLC because of the pass-through taxation which is pretty much impossible when you're outside of the US.
Stripe Atlas used to support LLC for non-US but they stopped it because they found that people recklessly open it but cannot run when they are non-US residents.
So, how does your product help those non-US resident with an LLC?