[bherms]

hopefully dev has insurance?

but anyway, this is partially why I spin up an LLC for every app i make... just declare bankruptcy and kill it

[kstrauser]

You're not wrong. An LLC and similar aren't perfect, but it gives you an enormous amount of legal bargaining power compared to not having one.

[falcor84]

In what sense is it not perfect? As long as you don't commit actual fraud, creditors can't "pierce the corporate veil" of an LLC, can they?

[falcor84]

That's a really cool idea. Would you mind sharing more?

In particular, do you use something like Stripe Atlas for that? And if so, is there any impact to your account with them when you declare a bankruptcy?

[bherms]

Yep, while it's a few extra hundred bucks, Stripe Atlas is just super easy and you get tons of credits and stuff through the partner perks. Plus I've always enjoyed using Stripe for payments.

[bze12]

How do you create your LLCs?

[trollbridge]

I do a few clicks on the Secretary of State’s website, pay $99, and the certificate shows up in my email the next day.

Doing a search/replace on the operating agreement for the new entity name, filing it away somewhere, etc. typically takes more time.

[bherms]

I've only ever used Stripe Atlas, but there's other alternatives. Atlas gives you a bunch of free credits with their partners and is pretty quick to get through, but you might be paying a hundred or two premium over doing it all ad hoc.

[spacecadet]

This is the way.