Information you’ll be asked to provide
We’ll ask you to provide the following in your Stripe Atlas application:
Information about the company you’re starting
- Proposed company name (you can check if a name is available on Delaware’s website)
- A physical business address (doesn’t need to be a U.S. address, but it can’t be a P.O. box, virtual mailbox, or mail forwarding address)
- A contact phone number
- The number of shares of stock, or the number of units of ownership, to be authorized (read more about ownership considerations)
- If you’re creating the new company as a subsidiary of an existing company, you’ll need to provide the following information about the existing company:
- Legal name
- Entity type (e.g., corporation)
- Tax ID number
- A copy of the company’s government-issued registration document (as a PDF, PNG, or JPG)
Your business and its products or services
- We typically need to review the products or services you’re selling (or planning to sell), how much you charge, and your terms of service, among other things
- If your website is still a work in progress, that’s ok. We may ask for screenshots, wireframes, or a detailed description that clearly outlines your business
About you and your team
- We need to know a bit about you, anyone who will own more than 25% of the company, and anyone fulfilling primary company roles
- You’ll need to provide the following for each person listed above:
- Legal name (i.e. your name on a government ID)
- Email address
- Personal address
- Date of birth
- Percent of company ownership
- You may need to provide a picture of a government-issued identification document (in PNG or JPEG format)
Additional information for an expedited EIN
- If you’re eligible based on IRS requirements, Stripe Atlas can request an expedited Employer Identification Number (EIN) on your behalf. Requesting an EIN online typically produces an EIN much faster than mail or fax. A U.S. Social Security Number (SSN), U.S. address, and U.S. phone number are required to be eligible to apply for an EIN online, as well as answers to some additional questions that the IRS asks on the form (listed below).
- We can request an expedited EIN on your behalf quickly if your company meets the following criteria. You must:
- Not own a highway motor vehicle with a taxable gross weight of 55,000 pounds or more
- Not need to file Form 720 (Quarterly Federal Excise Tax Return)
- Not have or expect to have any employees who will receive a Form W-2 in the next 12 months
- Not involve gambling or wagering
- Not sell or manufacture alcohol, tobacco, or firearms
- Not be married to another member of your company if your company is a Limited Liability Company (LLC) with two members
Credit card details for the Stripe Atlas one-time fee of 500 USD
- You won’t be charged until after you receive your U.S. Employer Identification Number (EIN)
- You won’t be charged the Stripe Atlas one-time fee if you cancel your application, if we can’t support your business, if you don’t sign your company formation documents, or if you don’t receive your EIN
How your information is used
The information we request in the Stripe Atlas application is used to:
- Generate the necessary documents to form your company and to obtain a U.S. Employer Identification Number (EIN)
- Confirm that we can support your business
Process after application submission
After you submit your Stripe Atlas application, we’ll review it to ensure we have all the information we need to form your company and to check that we can support your business. Before sending over your legal documents, we may ask you clarifying questions or request additional details regarding the information provided in your application.
We’ll send you emails as these steps are completed, and you can also track the progress in your Stripe Dashboard.
You should expect to receive the legal documents to form your Delaware company within a few business days of submitting your application.
The documents must be electronically signed by every company representative listed on your Stripe Atlas application—your company won’t be formed until after this process is complete.
We recommend working with a lawyer and tax advisor to review these documents. You don’t need to rush in returning them to us, so review them carefully.
Once your company is formed, your company documents will always be accessible to you in the Company section of your Stripe Dashboard. From time to time you may need to reference or provide these documents to other parties, such as when you apply for a bank account or file your taxes.
Process after signing your legal documents
After you and all of your company’s representatives sign your legal documents, the process of forming your Delaware company begins. Formation proceeds differently for a C Corporation versus an LLC.
When your new company’s formation is complete, your company can be registered with the IRS to create a U.S. Federal Employer Identification Number (EIN). As part of forming your company using Stripe Atlas, you’ll complete form SS-4, which will be sent to the IRS to request an EIN for your new company.
If you have a Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN), Stripe Atlas can request an EIN on your behalf through an online, expedited process that takes 3—5 days. If you don’t have an SSN, historically it has taken around 2 weeks to receive your EIN in your Stripe Atlas dashboard and 6—8 weeks (or longer) to receive it by physical mail. When you have the EIN, you can apply for a Stripe payments account and file U.S. federal taxes.