Why form a Delaware corporation?
Posted: Sat Jan 18, 2025 5:51 am
With all this in mind, Stripe Atlas can be the perfect and easiest choice for you if you are thinking of incorporating in the United States.
What is Stripe Atlas?
Stripe Atlas is the platform provided by Stripe (online payment provider), which allows non-US citizens to remotely set up a company in Delaware. But what does this mean? Technically, any non-US citizen can set up a company (C Corp or LLC) in Delaware. But if you plan to do it yourself, you will not only have to physically go to Delaware, but be prepared to go through huge paperwork problems, choose the bank, and pay large fees. In other words, Stripe Atlas makes it easy for non-US citizens to remotely set up their company in Delaware. This means that they do not have to physically go to the state of Delaware and sign all the documents.
This is the unique value proposition that no one else has except Stripe Atlas. So if you are currently on a Roadtrip through Europe, and even if you are constantly changing locations, you will have the ability to incorporate your company in Delaware without having to travel there. This huge, exhausting, overwhelming work can now be done from your living room, thanks to Stripe Atlas.
Before we look at the major benefits of Stripe Atlas and the step-by-step process on how to set up your business with it, let’s look at why Delaware, as a state and with all its regulations, is a good choice for non-US citizens.
The state of Delaware is known as one of the best tax shelters in the world. To be clear, in the United States, a tax shelter is defined as any method that recovers more than $1 in taxes for every dollar spent within four years. One of the great advantages of Delaware over other states in the United States is that if you form your business in Delaware, you will not have to pay state taxes. On the other hand, if you form a franchise or LLC, you will have to pay a ridiculously small amount of tax. To be precise, Delaware has a fixed fee for franchise companies of $100 and a flat fee for LLC companies of $250.
For comparison, other states and countries in the United States calculate taxes based on various factors, such as the number of shares authorized, the type of corporation, annual income, and other factors.
So, as far as we can conclude, Delaware is definitely one of the best “tax havens” in the world, and it is definitely worth listing there.
Why Choose Stripe Atlas? – 3 Benefits of It
As we mentioned, Stripe Atlas is not the only way to incorporate your business in argentina cell phone number database Delaware and the United States in general. There are other ways and service providers, but in many cases they require a high fee or you would have to invest a fortune to travel to the state, pay for the hotel and all the other fees.
So let’s look at the 3 biggest advantages of Stripe Atlas over other ways to incorporate your business in Delaware.
1. Stripe Atlas simplified the entire process
We've already mentioned that if you decide to use Stripe Atlas, you can complete the entire process of setting up your Delaware company from your bed. There's absolutely no need to travel there and have a bunch of meetings with banks, government officials, or anyone else.
Stripe Atlas does the entire process for you. But what about the other stuff? When we say that Stripe Atlas has made the entire process super easy, we mean it. There’s no lengthy paperwork, bank visits, dealing with state laws, taxes, or anything else. The entire process is streamlined and allows you to easily incorporate your business and get a US bank account in less than a month (this can vary).
What is Stripe Atlas?
Stripe Atlas is the platform provided by Stripe (online payment provider), which allows non-US citizens to remotely set up a company in Delaware. But what does this mean? Technically, any non-US citizen can set up a company (C Corp or LLC) in Delaware. But if you plan to do it yourself, you will not only have to physically go to Delaware, but be prepared to go through huge paperwork problems, choose the bank, and pay large fees. In other words, Stripe Atlas makes it easy for non-US citizens to remotely set up their company in Delaware. This means that they do not have to physically go to the state of Delaware and sign all the documents.
This is the unique value proposition that no one else has except Stripe Atlas. So if you are currently on a Roadtrip through Europe, and even if you are constantly changing locations, you will have the ability to incorporate your company in Delaware without having to travel there. This huge, exhausting, overwhelming work can now be done from your living room, thanks to Stripe Atlas.
Before we look at the major benefits of Stripe Atlas and the step-by-step process on how to set up your business with it, let’s look at why Delaware, as a state and with all its regulations, is a good choice for non-US citizens.
The state of Delaware is known as one of the best tax shelters in the world. To be clear, in the United States, a tax shelter is defined as any method that recovers more than $1 in taxes for every dollar spent within four years. One of the great advantages of Delaware over other states in the United States is that if you form your business in Delaware, you will not have to pay state taxes. On the other hand, if you form a franchise or LLC, you will have to pay a ridiculously small amount of tax. To be precise, Delaware has a fixed fee for franchise companies of $100 and a flat fee for LLC companies of $250.
For comparison, other states and countries in the United States calculate taxes based on various factors, such as the number of shares authorized, the type of corporation, annual income, and other factors.
So, as far as we can conclude, Delaware is definitely one of the best “tax havens” in the world, and it is definitely worth listing there.
Why Choose Stripe Atlas? – 3 Benefits of It
As we mentioned, Stripe Atlas is not the only way to incorporate your business in argentina cell phone number database Delaware and the United States in general. There are other ways and service providers, but in many cases they require a high fee or you would have to invest a fortune to travel to the state, pay for the hotel and all the other fees.
So let’s look at the 3 biggest advantages of Stripe Atlas over other ways to incorporate your business in Delaware.
1. Stripe Atlas simplified the entire process
We've already mentioned that if you decide to use Stripe Atlas, you can complete the entire process of setting up your Delaware company from your bed. There's absolutely no need to travel there and have a bunch of meetings with banks, government officials, or anyone else.
Stripe Atlas does the entire process for you. But what about the other stuff? When we say that Stripe Atlas has made the entire process super easy, we mean it. There’s no lengthy paperwork, bank visits, dealing with state laws, taxes, or anything else. The entire process is streamlined and allows you to easily incorporate your business and get a US bank account in less than a month (this can vary).