Comment on Ask HN: Help I owe over 100k in taxes after signing up for Stripe AtlasComments−bsvalley7y"A franchise tax is not based on income. Rather, the typical franchise tax calculation is based on the net worth of or capital held by the entity".Did you transfer large amount of money to your business?−browsercoinOP7yno. I just signed up on Stripe Atlas, and that was it.I definitely won't be doing this again as a non-American.Really wish they would've been more explicit about the true costs of establishing a business in USA
Comments
"A franchise tax is not based on income. Rather, the typical franchise tax calculation is based on the net worth of or capital held by the entity".
Did you transfer large amount of money to your business?
no. I just signed up on Stripe Atlas, and that was it.
I definitely won't be doing this again as a non-American.
Really wish they would've been more explicit about the true costs of establishing a business in USA