Stellar Formation

@kschlenker @maximegermain: what's the difference to Clerky?

@leon_vp @maximegermain Our goal is to be better 🙂. We have many friends who used clerky to set up their business and we heard some of their complaints to we did a few things differently. 1. Pricing : our pricing is transparent, $699 for sole founders and $899 for 2+ founders whether you're doing a LLC or Inc, it includes everything you need to start your business. Clerky's pricing is more challenging to understand (I wasn't able to) - for example they separate out the incorporation (which they advertise as $99 but in reality it's $407 with fees) and post-incorporation ($299). In really you can't use your company if you don't do post incorporation 🙂 2. Education: we've worked hard to build a form that answers all questions you may have as a founder, so we can set you on the right track. This includes helping you understand boards, vesting etc. 3. Focus. we focus solely on incorporations and have no intention to branch out. We hope to get better at it on an ongoing basis.

@kschlenker @leon_vp @maximegermain apologies if our pricing was difficult to understand! We actually don't do any advertising, but on our pricing page, we list both our fees and the total cost for incorporation. This is the standard way of setting out the pricing for incorporation, and is actually more transparent because you can see exactly where your money is going. If you just give a single number for the cost, it is more difficult for customers to compare services apples-to-apples, because the exact fees are obscured. In our app, we break down the third-party fees in detail so that customers can compare us to other services. This allows customers to be confident that we're not short-changing them at some step in the process and pocketing the difference. As for why incorporation and post-incorporation setup are separated out - it would actually be less customer-friendly to charge the entire amount up-front. Startups are often not ready to do the post-incorporation setup immediately after incorporation, for a variety of reasons. We would rather let our customers hang out to their funds until they're ready, rather than take it all up-front. We also felt it was important to convey to people the importance of the post-incorporation setup. Other online services make it seem like incorporation is all you need (because that's all they offer) - but this is definitely not true. So we put a lot of emphasis on the post-incorporation setup, and make it clear that you have to do that after incorporating. As you can see, our pricing is actually extremely transparent. Although it sounds like it is exactly this transparency that has led to some confusion. It's always good to hear feedback like this - we know there's always room for improvement. Sorry for leaving such a long comment on your post - just wanted to clarify things in case other people have similar confusion.

@kschlenker I own a Delaware LLC that I used as an independent contractor musician. I'm now a software developer. Can your service help me in transitioning my LLC properly? I know very little about my own LLC as it was set up by a lawyer as you mentioned. Cheers!

@kschlenker @maximegermain Mind commenting on why your service charges extra for multiple founders?

@kushalraha Hey, thanks for your feedback. Stripe Atlas has a packaged standard offer that doesn't fit everyone - they only have Delaware Corporations. Stellar Formation offers also LLCs which works best for a lot of entrepreneurs (especially if you're creating an agency business or any other business that will not raise VC funding). Most important of all, Atlas is for foreign (non-Us) internet entrepreneurs, whereas we focus on US residents starting any kind of company. We have been around for 3 weeks and a half and that's what most of our clients loved about us. Let me know if you want to give it a try!

@jerriclynsjohn thanks for your comment! Stripe atlas is still in private beta so I haven't been able to use it, have you been able to create a company with them? Happy to hear your experience. The packaged standard offer doesn't fit everyone - most notably we offer LLCs (does Atlas offer them too?) which works best for a lot of entrepreneurs. Most important of all, Atlas is for foreign (non-Us) internet entrepreneurs, whereas we focus on US residents starting any kind of company.

@kschlenker for sure I can vouch for the streamlined process of incorporation. They have partnered with PWC and orrick to make sure they have a proper standard industry/investor requirements in the documents. Now they don't have LLC, but for sure investors prefer type-c and if you look at it we can always change from LLC but that itself is a cost involved. For incorporating and post incorporation plan "gust launch " is a platform for US entrepreneurs

@kschlenker It's actually a pity that your focus on US residents, as non US resident I can assure you we are far more in need of help :-)

@unnamedteam Ingvar - thank you for this. We will soon be able to. We're actively working on a way to help non-US residents create their business in the US. We'll post an update on PH once this is ready!

@unnamedteam Great news ! we now work with non-US residents too! https://stellarformation.com/faq...

@maximegermain @kschlenker congrats! Cheap, easy-to-use, perfect for any entrepreneur who wanna launch a company in the US!

@maximegermain is not working anymore the website?

@mrdobelina @maximegermain everything is working fine. Can I help you with anything? lawyer@stellarformation.com

@kschlenker all good no thanks! Last week seems like it wasn't working

@voon_ming_hann With Stripe Atlas, you ONLY can establish a C-Corporation for your business in Delaware: https://stripe.com/atlas/faq#wha...

@egafutura @voon_ming_hann exactely. LLCs work better for companies that do not intend to raise VC funding - for example: most ecommerce sites, agencies, physical products, etc.

@jqvist Hey, thanks for your feedback. The Atlas packaged standard offer doesn't fit everyone - most notably we offer LLCs (does Atlas offer them too?) which works best for a lot of entrepreneurs (especially if you're creating an agency business or any other business that will not raise VC funding). Most important of all, Atlas is for foreign (non-Us) internet entrepreneurs, whereas we focus on US residents starting any kind of company. We have been around for 3 weeks and a half and that's what most of our clients loved about us. Let me know if you want to give it a try!