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Are your clients based globally or solely in Germany? I would look into Stripe Atlas in any case. https://stripe.com/atlas https://stripe.com/atlas
by neptvn 8y ago
Are your clients based globally or solely in Germany?
I would look into Stripe Atlas in any case.
https://stripe.com/atlas https://stripe.com/atlas
- nik736 8y agoThat's really bad advise, because he still has to pay taxes in Germany and Atlas creates a huge mess.
- neptvn 8y agoCan you describe the mess Atlas creates?
- vorpalhex 8y agoAtlas is built to form a registered Delaware Corp with an agent and a corporate bank account in the US. If your goal is to be acquired or go the traditional startup route then it's perfect. If you just want to roll a new entity for legal/financial protection it is akin to combating mosquitos with a grenade.
- pofgiru 8y agoBecause atlas costs $500?
- dbbk 8y agoNo, because you're creating a company in a country you don't live in unnecessarily.
- vorpalhex 8y agoIf you just want some legal/financial protection, most countries have a simplified way to form a basic company (in the US it's LLC) that you can easily file for yourself, and usually the taxes are easier then say a C corp. Atlas was designed to correctly setup a company to become acquired or go public. You simply don't need those features and the complexity included on the cap table, taxes, etc.