Stripe Atlas is a startup formation product aimed at venture capital-backed companies. These companies typically need somewhat complex legal documents allowing for outside investment, multiple types of equity, and equity compensation plans. Stripe Atlas only allows formation of C-corporations and LLCs - and only in Delaware. They also offer to set up a US bank account for users.
For companies not planning to immediately raise outside investment, Stripe Atlas is somewhat expensive and offers limited choices - you cannot form an S-corporation or an entity in any state other than Delaware. That means that if you're doing business in any state(s) other than Delaware, you'll need to file a "foreign qualification" in each of those states and pay several hundred dollars in filing fees per year per state - in addition to Delaware's initial and annual filing fees. That's an additional expense that just doesn't make sense for most small businesses.
Stripe Atlas also does not offer logo, website, trademark searches, domain name registration, company email, SEO help, or the complete range of Starter Guides and task-automating Starter Tools, all of which are included in Startomatic’s flat monthly fee.
If you are not planning to immediately raise money from professional investors, you’re not operating in Delaware, and/or you need services other than legal formation documents and a bank account, Stripe Atlas may not be a good choice. Startomatic is both less expensive for most company formations and provides significantly more features, including the ability to incorporate in all 50 states.
|New Business Guidance|
|Task automating tools|
|Small Biz education support|
|Company name generator|
|Company name conflict check|
|Domain name generator|
|Domain name registration|
|E-signature of documents|
|Branded Email & Calendar|
|Social Media account creation|
|Google My Business and Search Console setup|
|$99 + state filing fees||$500|