C-Corp vs LLC for Non-US
- Thread starter Debrog
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No, C corps are not disregarded companies. They offer C corps because their target demographic are people who wish to raise money from investors or give shares to employees, which is easier and more well-defined with C corps.
https://stripe.com/docs/atlas
https://stripe.com/docs/atlas
C-corps are their own ‘beings’, and they’re not disregarded. Hence, your income will get taxed twice. First, at the corporate level, and second, when you ‘get paid’, as salary, or dividends.
If you’re a solopreneur, I suggest a LLC. Taxed once, since it’s passed-through, and you won’t have to pay taxes (last time I checked, which was a couple of months ago) when you take money out.
But, you should weigh the pros and cons of both, and choose one.
Atlas is good, since they give you a bank account as well, because it’s much harder to get one in USA, without visiting.
If you’re a solopreneur, I suggest a LLC. Taxed once, since it’s passed-through, and you won’t have to pay taxes (last time I checked, which was a couple of months ago) when you take money out.
But, you should weigh the pros and cons of both, and choose one.
Atlas is good, since they give you a bank account as well, because it’s much harder to get one in USA, without visiting.
Thank you so much for the detailed replies. It's a good method to get a Stripe account without bad surprises appearing later. It's a shame they're requiring non-US to get C-corp now. It was still possible to get an LLC years ago.
What about incorporating a C-Corp with them and converting it into an LLC. Is it doable ?
What about incorporating a C-Corp with them and converting it into an LLC. Is it doable ?
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