Lemmings joins Stripe Atlas

The process of incorporating a company can not only be bureaucratic it can also be quite costly and goes hand in hand with countless opportunities to make mistakes that are difficult to fix later.

Let’s say you have a solid team, a working prototype and some customers lined up but you’re not swimming in money. What do you do?

You can either defer to incorporate until your financial situation improves or you need to find enough money (e.g. through fundraising) in a phase where it is not only difficult and time intense for you to raise funds but also unlikely for you to get favorable terms.

Especially for first-time founders this is a terrible situation to be in.

Countless promising projects never make it over this barrier. Others manage to find a way through it only to realize how problematic their legal setup is a few months later or when they try to raise their first round.

Stripe Atlas and Lemmings

Stripe Atlas is a one-stop-shop service for incorporation in the United States.
The service is used by startup programs like Y Combinator, 500 Startups and Techstars to assist international founders to start their business in the US and to make sure that the setup is uncomplicated, founder friendly and ready to receive investment from angels and VCs in the US.

Here is a more detailed overview of what Stripe Atlas gets you:

We’re very happy to be able to make the Stripe Atlas program available to all teams at Lemmings that intend to incorporate in the United States.

Here is some additional material if you want to learn more about Stripe Atlas.

Vincent Battaglia of Ludus on Stripe Atlas

Ingrid Lunden of TechCrunch on Stripe Atlas

Stripe Atlas Guides

Stripe Atlas AMA with Marc Andreessen

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