Incorporating, Opening a bank, and Doing business in the USA without physical presences in the USA with ‘Stripe Atlas’ - Global Startup (1) Continued
Stripe Atlas
Starting a company in the USA can be needlessly complicated—lengthy paperwork, bank visits, legal complexity, numerous fees, and non-obvious decisions about what services to use. Stripe Atlas makes this fast and easy: a tool to handle everything involved in establishing an internet business, opening the new business bank account within days without the physical presence, and keeping track of everything in one place. Stripe Atlas generates the legal documents and files the paperwork and incorporates your new company in Delaware, which is the most business-friendly state and opens Silicon Valley Bank(SVB) on your behalf.
Stripe Atlas is designed for founders of internet and technology businesses. Thousands of entrepreneurs from more than 130 countries already use Stripe Atlas. Stripe Atlas have found it to be particularly suited to:
* U.S. startups
* Startups outside of the U.S. building global companies
* Startups outside of the U.S. raising money from professional investors
* International companies expanding their operations to the U.S.
C Corporation VS LLCs
Type
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C Corporation
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LLC (Limited Liability Company)
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Nature of business
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Stock company
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Pass-through entity
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Ownership
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Shareholder (Individual or Corporation)
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Members (Individual or Corporation)
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Residency requirement
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No required. Permitted to resident or non-resident owner
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No required. Permitted to resident or non-resident owner
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Legal entity
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Separate entity to limit the liability of owners and officers for the acts of the company and for debts which the company may have.
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Separate entity to limit the liability of owners and officers for the acts of the company and for debts which the company may have.
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Operation
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Most major actions of a C corporation require some procedures, such as formal resolutions of the company or votes of the stockholders.
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LLC Operating Agreements empower the owners and/or managers to simply act.
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Tax Treatment
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Double taxation: Company income is taxed at corporate income tax rate; shareholders also pay tax on dividends or profits distributed.
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Single taxation: Each member of LLC must file income tax return (e.g., individual income tax return) on profit or loss which LLC passes through each member
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※ A certain type of an investor may not be interested in (or may be legally barred from) investing in LLCs because of the income and loss pass-through nature.
※ You may converse LLC to C Corporation or vice versa.
Where to incorporate
Available in Only Delaware State
Fee
One time fee
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Ongoing costs
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$500 for all successful applications including:
* C-Corporation or LLC Incorporation
* Signed Certificate of Incorporation, Bylaws, and Board Consent or Operating agreement
* Tool to issue stock to founders
* First year of registered agent fees
* IRS Tax ID Employer Identification Number (EIN)
* Open a bank account in and debit card with Silicon Valley Bank
* Set up Stripe account and networking in an Atlas forum with other founders, other entrepreneurs, 200 investors, accelerators, and companies around world
* Free post-incorporation templates
* Access up to $5,000 in promotional credits from Amazon Web Services (AWS)
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* $100 per year to renew Delaware registered agent (renewed automatically)
* $25 per month for your business bank account (the fee is waived if you maintain a minimum average balance of $25,000 per month)
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※ The Stripe Atlas LLC is designed to make conversion to a C Corporation as simple as possible at discounted and flat-rate packages fee.
※ The required documents for incorporation may vary depending on the type of business you establish.
Procedure
(1) Invitations
Stripe Atlas is available to join by an invitation only.
Invitation
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Existing Stipe Atlas founders
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Direct application for a Stripe Atlas
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Method
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Existing Stripe Atlas founders can invite other entrepreneurs to join in Stripe Atlas immediately
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Anyone can still apply directly for an invitation request, for which Stripe Atlas will respond within two weeks.
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(2) Application
Once you're invited to Stripe Atlas, you'll need to provide Stripe Atlas with the following information about your product, team, and how you'd like to set up your new company.
Category
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Information
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Company
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New company’s proposed name
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A physical business address:
1) Is not necessarily in the U.S.
2) can be a business address or personal residence.
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A contact phone number
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The number of shares of stock to be authorized
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If it is a subsidiary, the parent company’s name, type (e.g., corporation), tax ID number, and a copy of the company’s government-issued registration document
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Business and products or services
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Website showing the products or services, price, contact, terms of service, and more
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If website in progress, screenshots, wireframes, detailed description
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Founders, investors, and other relevant history
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Team
(yourself, anyone else that owns more than 25% of the company, and anyone else filling the primary company roles.)
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Email address
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Phone number
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Legal name
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Date of birth
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Personal, physical address
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Percent of company ownership
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Government-issued identification document
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(3) Incorporation
After you submit the application and Stripe Atlas creates your Stripe account, it’ll generate the legal documents to start your corporation as the following.
Category
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Description
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Legal documents
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Certificate of Incorporation
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Bylaws for your corporation
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Board Approval of Organizational Resolutions
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A Bank Deposit Agreement and Online Banking Enrollment with Silicon Valley Bank, for opening a bank account
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IRS form SS-4, to request an EIN for tax-reporting purposes
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Bank account
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Open a USD-denominated business bank account for your new company at Silicon Valley Bank (SVB)
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Once the bank account is opened, a temporary password is sent to log in online and you can find the login user ID in your Banking Enrollment Form in the Stripe Dashboard.
| |
Stripe Atlas users are also eligible to receive a debit card linked to their SVB account. If you opt-in for debit cards when you complete the application, you will receive an email from SVB after you receive your EIN, with instructions on how to complete your debit card application.
| |
Incorporation
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Registering your corporation in Delaware generally takes a couple of business days. Once your company is incorporated, you’ll receive your Certificate of Incorporation via email. It notes that the original is in electronic format; no hard copies are created.
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Stripe Atlas will email you with information about issuing stock to founders after your company is incorporated. New corporations can issue stock with standard terms using its free tool within 30 days of incorporation.
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Corporate tax ID
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When your incorporation is complete, your new company can be registered with the IRS to create a U.S. Federal Employer Identification Number (EIN). Stripe Atlas will automatically send form SS-4 to the IRS to request an EIN for your new company. It usually takes up to 2 weeks to receive your EIN via email; 6-8 weeks to receive it via physical mail.
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Reference
From San Francisco to Sri Lanka, thousands of entrepreneurs in 124 countries have used Stripe Atlas to get their businesses off the ground in the USA.
Company
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Detail
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METAFUSED (https://www.metafused.com)
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Led by Madhuban Kumar, Metafused’s mission is to make data meaningful. Their product applies artificial intelligence to let users know what customers and prospects are going to do next
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During, Inc. (https://during.com/)
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Zach Holman, one of the first engineers at GitHub, is building During, a calendar that helps you plan and collaborate on everything that needs doing.
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IRIS (http://getiris.co/)
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Iris is your modern day emergency alert for mobile, founded by Cat Noone in NYC. Iris provides hospital detection, a digital health card and rapid alerts to your loved ones in the critical moment when you need it most.
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TRESS (http://www.tressapp.co/)
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Started in Ghana, Tress is a social community for black women to discover and share hairstyle inspiration, information and tips. Founders Priscilla Hazel, Esther Olatunde, and Cassandra Sarfo participated in Y Combinator’s Winter 2017 batch.
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PASILOBUS (https://www.pasilobus.com/)
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Pasilobus builds apps and e-commerce solutions for clients on Shopify. The company is headquartered in St Louis and has employees around the world.
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ZUMROD (https://www.zumrod.com/)
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Zumrod is an e-commerce platform that supplies health and beauty products to women in the Arab World. Co-founder Said Hassan also leads Gaza Sky Geeks, the first startup accelerator in the Gaza Strip.
|
LUDUS
(https://ludus.one/)
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Vincent Battaglia, the Belgian founder of LUDUS, established his business in Delaware by Stripe Atlas because his business is 100% SaaS with potential customer everywhere on the globe and desire his business to become a global company. The company provides presentation tools for designers on SaaS basis.
|
* How the business law in Delaware is the most business-friendly
* What you do for US Taxation
(Continued in 2nd edition) Click here
[Attention] Stripe (online payment system) may require your SSN or ITIN during the process of opening the Stripe account or even after the Stripe account is delivered.
The following tax information is for your reference, and is not legally binding.
Source: Stripe, IRS, and State of Delaware
[미국법인] (1) ‘Stripe Atlas’으로 미국 현지방문없이 미국법인설립/통장개설하여 미국진출하기 - 글로벌 스타트업 - 다음주계속
‘Stripe Atlas’으로 미국 현지방문없이 미국법인설립/통장개설하여 미국진출하기 - 글로벌 스타트업 (1) 다음주계속
Stripe Atlas (https://stripe.com/atlas)
미국에서 기업을 시작하는 것은 장황한 서류작업, 은행방문, 법적 복잡성, 과대한 수수료, 어떤 서비스를사용할지에 관한 불명확한 의사결정등과 같이 불필요하게 복잡해질 수 있습니다. Stripe Atlas는 이런 것들을 빠르고 쉽게 처리하게 해줄 것입니다. Stripe Atlas는 현지방문없이 수일내에 인터넷 비즈니스 설립과 신규 비즈니스은행계좌개설, 진행상황확인을 포함한 모든 것을 한 곳에서 다룰 수 있도록 해줄 것입니다. Stripe Atlas는 고객을 대신하여 법인서류작업를 하고 신고를 하여 가장 기업 친화적인 주(State)인 Delaware주에서 법인설립을 하고 Silicon Valley 은행계좌를 개설해줍니다.
Stripe Atlas는 인터넷/테크 비즈니스 설립자들을 위해서 디자인되었습니다. 세계 130개국이상 나라 수천만의 기업가들은 이미 Stripe Atlas를 사용하고 있습니다. Stripe Atlas는 다음과 같은 비즈니스에 특히 적합합니다.
* U.S. startups
* Startups outside of the U.S. building global companies
* Startups outside of the U.S. raising money from professional investors
* International companies expanding their operations to the U.S.
C Corporation와 LLCs 비교
※ 특정 투자자들은 LLC가 이익과 손실의 통과실체라는 사업본질때문에 LLC 투자를 꺼리거나 법적으로 금지할지도 모릅니다.
※ LLC에서 C Corporation으로 전환 또는 C Corporation에서 LLC로 전환할 수 있습니다.
법인설립장소
Delaware 주(State)만 가능 (미국주소 또는 외국주소 가능)
수수료
※ Stripe Atlas는 할인된 단일비율 패키지 수수료로 간단히 LLC에서 C Corporation으로 전환시켜줄 수 있습니다.
※ 법인설립을 위해 요구되는 서류는 설립되는 회사의 형태에 따라 다를 수 있습니다.
절차
(1) 초대
Stripe Atlas은 초대에 의해서만 가입이 가능합니다.
(2) 신청
일단 Stripe Atlas에 초대가 되면 고객의 제품, 팀, 설립방법등에 대한 다음과 같은 정보를 요구할 것입니다.
(3) 법인설립
고객이 신청서를 제출하고 Stripe account를 생성 후 다음과 같이 회사 설립을 위한 서류 작업을 진행합니다.
참조회사
샌프란시스코에서 쓰리랑카까지 124개국 수천개의 기업가들이 미국시장진출을 위해서 Stripe Atlas를 사용하고 있습니다.
* Delaware 주의 상법은 어떻게 가장 기업 친화적인가
* 미국세무이행을 위해서 무엇을 해야하는가
(2편 계속) 여기클릭
[주의] 스트라이프 (Stripe, 온라인결제시스템)는 스트라이프 계정을 개설하는 과정에서 또는 스트라이프 계정이 개설 완료된 이후라도 SSN 또는 ITIN의 제출을 요구할 수 있습니다.
이 자료는 참고자료이며 법적으로 효력이 없습니다.
출처: Stripe, IRS, State of Delaware
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