Software Alternatives, Accelerators & Startups

Stripe Atlas VS Countingup

Compare Stripe Atlas VS Countingup and see what are their differences

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Stripe Atlas logo Stripe Atlas

The best way to start an internet business

Countingup logo Countingup

Your banking and accounting in one place
  • Stripe Atlas Landing page
    Landing page //
    2023-07-29
  • Countingup Landing page
    Landing page //
    2023-03-12

Stripe Atlas features and specs

  • Streamlined Incorporation
    Stripe Atlas provides a streamlined process to incorporate a company in the United States, often within just a few days, which can be much faster and simpler compared to traditional methods.
  • Access to Legal and Tax Guidance
    Members get valuable legal and tax guidance from experts, helping them navigate complex issues and ensure compliance with regulatory requirements.
  • Bank Account and EIN Setup
    Stripe Atlas helps in setting up a U.S. bank account and obtaining an Employer Identification Number (EIN), essential components for running a business in the U.S.
  • Global Accessibility
    Entrepreneurs from anywhere in the world can use Stripe Atlas to establish a U.S.-based company, making it easier to enter the U.S. market.
  • Access to Stripe Products
    Members gain access to Stripe's suite of financial tools and payment processing capabilities, which can be integrated into their businesses from day one.
  • Community and Resources
    Members get access to a supportive community of entrepreneurs and a wealth of resources like guides, templates, and advice.

Possible disadvantages of Stripe Atlas

  • Cost
    There are upfront fees for setting up a company through Stripe Atlas, as well as ongoing costs associated with maintaining a U.S. business entity, which can be a burden for some startups.
  • Limited Customization
    The incorporation process is very standardized, which might not be suitable for more complex business structures or specific legal needs.
  • U.S. Jurisdiction Requirements
    Operating a U.S.-based company means adhering to U.S. laws and tax requirements, which might be complex and require ongoing management.
  • Bank Account Access
    While Stripe Atlas helps set up a U.S. bank account, accessing and managing it from abroad can be cumbersome and may require additional steps.
  • Market Relevance
    While having a U.S. company can be beneficial, it might not be necessary for all businesses, particularly those that operate exclusively in other regions.
  • Exclusivity to C-Corporations
    Stripe Atlas primarily supports the incorporation of Delaware C-Corporations, which may not be the most suitable corporate structure for all businesses.

Countingup features and specs

  • Integrated accounting and banking
    Countingup combines banking services with accounting software, providing a seamless financial management experience and reducing the need for multiple applications.
  • Automated transaction categorization
    The platform automatically categorizes transactions, which saves time on bookkeeping and helps with accurate financial reporting.
  • Real-time financial insights
    Users can access real-time financial data, allowing business owners to make informed decisions promptly and manage their cash flow better.
  • Ease of use
    Countingup is user-friendly with a straightforward interface, making it accessible to small business owners who may not have extensive accounting knowledge.
  • Tax calculation and filing support
    The software provides support for tax calculations and filings, which simplifies the process of managing and submitting taxes for small businesses.

Possible disadvantages of Countingup

  • Limited to UK businesses
    Countingup currently services only UK-based businesses, which restricts its availability and utility for companies operating outside the United Kingdom.
  • No full accounting features
    While it offers integrated accounting tools, it might lack advanced accounting features that larger businesses or more complex financial situations may require.
  • Mobile app limitations
    Some users might find limitations in functionality or usability when relying solely on the mobile app, which can affect accessibility and experience.
  • Customer support
    There might be concerns about the level of customer support available, especially for businesses that require immediate assistance or more personalized service.
  • Bank account restrictions
    Users may be required to use Countingup's own banking services, which might not suit businesses that prefer to keep their banking and accounting separate.

Analysis of Stripe Atlas

Overall verdict

  • Overall, Stripe Atlas is highly regarded for its efficiency, reliability, and supportive ecosystem, making it a strong contender for entrepreneurs looking to establish a U.S. company quickly and with minimal hassle.

Why this product is good

  • Stripe Atlas is considered a good choice for its seamless setup process for incorporating a business in the United States, especially benefiting international entrepreneurs. It provides a comprehensive suite of tools including incorporation, tax ID acquisition, and a U.S. bank account, simplifying the complexities of starting a U.S.-based company. Additionally, it leverages Stripe's powerful payment processing platform and offers resources for legal and tax guidance.

Recommended for

  • International entrepreneurs looking to incorporate in the U.S.
  • Startups needing a fast and straightforward business setup
  • Businesses wanting integrated payment solutions
  • First-time business founders seeking guidance and resources

Stripe Atlas videos

Stripe Atlas Review for Incorporation - Digital PeopleFolk

More videos:

  • Review - Stripe Atlas vs The LLC Formula | Why you Should NOT use Stripe Atlas
  • Review - Introducing Stripe Atlas

Countingup videos

Countingup

Category Popularity

0-100% (relative to Stripe Atlas and Countingup)
Legal Services
100 100%
0% 0
Online Payments
0 0%
100% 100
Productivity
86 86%
14% 14
Payment Platform
0 0%
100% 100

User comments

Share your experience with using Stripe Atlas and Countingup. For example, how are they different and which one is better?
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Social recommendations and mentions

Based on our record, Stripe Atlas seems to be a lot more popular than Countingup. While we know about 42 links to Stripe Atlas, we've tracked only 3 mentions of Countingup. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Stripe Atlas mentions (42)

  • Ask HN: Does legal tax evasion work for regular people?
    Hello fellow HN readers, For some time now I've been researching how to become a digital nomad and legally optimise my taxes. There are numerous services that claim to be able to help with this, here are just two examples that I found: https://taxhackers.io https://denationalize.me Does anyone have any experience of this and can tell me if it really works and is legal? Also, why do they charge so much when... - Source: Hacker News / 3 months ago
  • Show HN: Kate's App
    IANAL either but if I were you, I’d start here: https://www.vanta.com/products/hipaa or look for competitors. And perhaps look at Stripe Atlas for getting my corporate ducks in a row to start with. https://stripe.com/atlas Wading into that to get oriented, you would then be better equipped to have at least a baseline. A corporate attorney would be the next step to verify what you’re doing. Minnestar.org hosts... - Source: Hacker News / 5 months ago
  • A KDP author looking for advice
    I don't know if it's available in Algeria, but if it is, checkout Stripe's Atlas service. It allows you to incorporate a company in Delaware, and open a US bank account. I used their services in my country, to register a local business and it was very quick and easy. Source: almost 2 years ago
  • How do I give equity in an LLC in Florida?
    Oh no! Don't do an LLC. You must do a C-Corporation. You can get it done in https://stripe.com/atlas or https://clara.co/company-formation/delaware-company-formation/. Source: almost 2 years ago
  • Just got my first co-founder… what next?
    Don't do an LLC if you are going to raise venture capital. Use Clara or Stripe Atlas to set up a Delaware C-Corp. Source: almost 2 years ago
View more

Countingup mentions (3)

  • Free £50 for signing up to CountingUp Business Current account (like Tide). Only 3 days left to sign up, offer ends 23/02/23!
    Non ref: https://countingup.com (you don't get £50 if using a non ref link). Source: over 2 years ago
  • Free £50 For Signing Up For A Counting Up Business Account (No Deposit)
    Sign-up for an account through a referral link to be eligible for the £50 bonus. Please DM me for a link (non-referral link - https://countingup.com/. Source: about 3 years ago
  • £50 FREE! For signing up to a Counting Up business Account
    Non-referral: https://countingup.com/ See full FAQ and prices here too. Source: about 3 years ago

What are some alternatives?

When comparing Stripe Atlas and Countingup, you can also consider the following products

Clemta - CLEMTA sets up your business/company in the United States, from incorporation to dissolution, one partner - one solution. We also offer post-incorporation services and many more! Check our profile for all the services we provide.

Revolut - The easiest, fastest way to save for your financial goals.

Gust Launch - Legal, banking and accounting solution for startups

Wise - Currency exchange Banks and other providers could charge you up to 5% in hidden costs when sending ...

Microsoft Office Excel - Microsoft Office Excel is a commercial spreadsheet application.

N26 - The Mobile Bank