This Company Takes the Hassle out of Launching a Foreign Company in the U.S. Launch your U.S. business in a matter of days, not months
By Matt Villano
This story appears in the June 2016 issue of Entrepreneur. Subscribe »
When Australian expat Donna Katz set up her wine exchange company, Tradeagrape, in Napa Valley back in 2013, she faced what every international business does: U.S. incorporation documents, and a long list of regulations and compliance issues. "I had to figure out every step on my own," she says. She still is, to the tune of more than $50,000.
Had she started today, she might have appreciated a new service called Atlas: It offers to take care of all this fuss and more for just $500.
Atlas is the creation of Stripe, the electronic payment processing company, and was launched in early 2016. It helps entrepreneurs incorporate a U.S. company with a Delaware address, set up a bank account with a U.S.–based bank, obtain a federal tax ID number and start accepting digital and credit card payments (through Stripe, of course). It also connects founders with local tax and legal professionals. The service is available only to foreign businesses, but Stripe says it would like to expand domestically at a future date.
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