<story><title>Our experience with Stripe Atlas (2017)</title><url>https://hackernoon.com/our-experience-with-stripe-atlas-fcccafe6fff8</url></story><parent_chain><item><author>ohitsdom</author><text>My biggest hesitation with Atlas is the C corp part. I don&amp;#x27;t want funding, I want to start small and bootstrap. For this, LLCs seem best so you don&amp;#x27;t get taxed twice.&lt;p&gt;My most optimistic first year in revenue would be $30-60k, still well in side business territory. Am I missing something, or is Atlas not for me?</text></item></parent_chain><comment><author>mmckelvy</author><text>Keep in mind, business entities and tax classifications are different things.  You can be an LLC and then elect to be taxed as a C Corp.  Usually this doesn&amp;#x27;t make sense unless you need to prevent income from passing through to the owners.  Apart from that, everything you can do with a C Corp you can do with an LLC (issue options, split equity, take investments, etc.), just without that double tax and administrative overhead.&lt;p&gt;In this day and age, there are very few cases where forming a corporation, taxed as a C Corp is an ideal structure for most businesses starting out.</text></comment>
<story><title>Our experience with Stripe Atlas (2017)</title><url>https://hackernoon.com/our-experience-with-stripe-atlas-fcccafe6fff8</url></story><parent_chain><item><author>ohitsdom</author><text>My biggest hesitation with Atlas is the C corp part. I don&amp;#x27;t want funding, I want to start small and bootstrap. For this, LLCs seem best so you don&amp;#x27;t get taxed twice.&lt;p&gt;My most optimistic first year in revenue would be $30-60k, still well in side business territory. Am I missing something, or is Atlas not for me?</text></item></parent_chain><comment><author>sjroot</author><text>I am replying to this because it is a question I have as well. Stripe employees - I know the Atlas page discusses the reasoning behind a C corp a bit, but I think it would be beneficial to elaborate on why it is preferable over an LLC. It’s also worth noting that the Atlas website mentions support for LLCs and other business types later down the line. Any timeline on this?&lt;p&gt;As I imagine the OP of this comment is, I am a US citizen who was primarily interested in Atlas because it seems like the most painless solution.</text></comment>