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FAQ

How much does it cost to start a 501(c)3 in NYC?
According to the Department of State, Division of Corporations, State Records, and UCC for New York, you must pay the statutory filing fee of $75 (as of July 2021. along with a small fee to check name availability.Filling out your non-profit forms accurately is very, very important. Ultimately, what you put in your documents may affect whether you are (or will remain) tax-exempt. Now, with that being said, your state documents aren’t the only documents you must complete. You must also fill out an Application for Recognition of Exemption with the IRS. Some non-profits are eligible to fill out a streamlined version, but you should talk with an attorney or tax professional to determine which one you should complete.You may also be required to obtain certain permits or licenses in New York (at either the city or the state level). This depends on what your non-profit will do or sell in order to raise money. Without the right permits or licenses, your non-profit could be shut down.You also need to write bylaws and appoint directors to the non-profit. Directors are important and should be chosen with care. They make important business and financial decisions for your non-profit. They will also officially adopt the bylaws at the first board meeting. The bylaws explain how the non-profit will be ran.Because non-profits must remain in compliance with state and federal law, it’s a good idea to first speak with an attorney and maybe even consider allowing the attorney to fill out the documents. It’s really worth the price since the tax-exempt status of the non-profit can be affected by a mistake. If you’d like to speak with an experienced attorney, check out LawTrades. Our legal marketplace has helped connect many entrepreneurs with experienced, non-profit attorneys to get them up and running. Hope you give us a try?
What startups are looking for funding in March 2021? For the next three days, I'll be sitting with the VC team at USVP, one of Silicon Valley's biggest VC firms. I'm watching TED with them for the next three days at their offices on Sand Hill Road.
Payoff.com is a social finance platform enabling communities to fulfill their individual and collective dreams. We launched public beta in January 2021 and have collected 1,000+ dreams, of which over 90% are related to money. Payoff helps people fund their dreams and reach their goals, like saving for a house or vacation, adopting a child, paying off credit cards, and starting a business, in addition to connecting them with other people working towards the same things. The current product enables users to share their dreams, set up goals, link and track financial accounts, earn badges, and receive cash Sur-Prizes for progress. We prtools from top-quality partners, as well as educational content to help move users to action and success. Ultimately, we pra more intuitive way for users to understand how they are spending their life -- it’s not about the dollars, but it’s about the positive use of money, time, talent, and charity. We aim to own dreams and achievement on the web.  Payoff will create meaningful social connections and dialogue through dreams, goals, implicit communities based on personal transactions (the “real-life check-in”), and our partners.  In addition, our relevance and recommendation engine is guided by a Science Advisory Board, with leaders from Cal-Tech, USC, and Northwestern. We recognize that achievement and financial behavior, like most decisions, is driven by emotions, not budgets and lists, and we are reaching people in this emotional space. One user told us, “I feel more encouragement from these badges than I think you will ever know.  I'm not the most emotional person but I have been so poor for most of my adult life trying to get through school that the day  [the] "STASH" badge was awarded to me I cried?” Payoff is founded by Scott Saunders (Walz Group, Inc 500) and Eden Warner (pre-revenue to profitability CFO at Fandango), along with folks from Yahoo? and SpotRunner. You can view a video about us at and contact us at scott@payoff.com. Also, check out what folks are saying: AOL WalletPop: http://www.walletpop.com/2011/01...Business Insider: http://www.businessinsider.com/p...U.S. News Money: http://money.usnews.com/money/bl...
I am a green card holder in the USA. I would like to sponsor my husband to the USA. How long will it take?
The answer to this question depends on two things:Did you marry your husband before or after you became a permanent resident?Was the reason you were able to immigrate to the United States is because you are the “immediate relative” of a US citizen?If the answer to the first question is “after”, then you can sponsor your husband to immigrate as the spouse of a lawful permanent resident, a petition in family second preference, subpreference A (F2A). Visa numbers for preference category F2A currently have a wait of about 12 to 18 months.If the answer to the first question is “before”, then your husband was originally, and is most likely now still, entitled to immigrate as a derivative beneficiary on your petition unless you immigrated as the “immediate relative” of a US citizen.If you did not immigrate as an “immediate relative” of a US citizen (that is, your immigration petition was employment-based, family-based other than as an immediate relative, or based on some other provision of immigration law such as the diversity lottery) your husband can obtain a green card “immediately” as a “follow-to-join” derivative beneficiary on your previously-granted petition by filing form I-485 (and form I-824 if he is not currently present in the US), along with sufficient evidence to show that you and he were legally married on the date that your immigrant petition was granted. You may have difficulties if you did not declare him as your spouse on your original I-130/I-140, or if a significant time has passed since you immigrated or adjusted status, as there may be some question why he did not immigrate with you at the time you immigrated or adjusted status. In practice, if there are no problems, this process should take only a few months.If you did immigrate as an immediate relative of a US citizen, which in this case could only be because you have a child 21 years or older who is a US citizen and who sponsored you to immigrate, your spouse cannot immigrate as a derivative because immediate-relative petitions do not allow for derivative beneficiaries. In this situation, if your husband is the natural or legal parent of that child, or if he is not but you married your husband before your child turned 16, your child (but not you) can sponsor him on a separate petition as an immediate relative. If you married your husband after your child turned 16, your child cannot treat him as a stepfather, and you will need to file for him in F2A (the same as the case in which you married him after entering the US), and can expect the process to take 12 to 18 months.
Why did Warby Parker choose the co-CEO model?
When two CEOs love each other very much…Just kidding. When my Jeff, Andy, Dave and I graduated from business school, we decided that Dave and I would continue to work on Warby Parker full-time. This left us with the question of how best to structure our leadership model. At first we played around with one of us being CEO and the other one being President and COO, or one being CEO and the other being Chairman and COO. There were endless permutations. But we quickly realized that trying to squeeze ourselves into a traditional org hierarchy didn’t quite work. The goal was to create parity between ourselves—internally and externally—so that we’d both be perceived as leaders of the company. The cleanest way to do that, it turned out, was to give each other the exact same title.Not enough has been written about shared leadership models. So far our working relationship has been great. We’re able to fill in for one another. We’re able to represent the company and each speak with the authority of a CEO. We can cover double the ground. Sometimes we even switch places, Parent Trap-style, to keep everyone on their toes. (Kidding.)One of the potential pitfalls of having co-CEOs (or any or structure in which you have people in a non-reporting hierarchy) is making decisions. Certain executives report into me and certain executives report into Dave, which helps streamline communication and decision-making. But of course, when it comes to strategy, Dave and I work together, discuss everything in detail. There’s no major decision that’s made in isolation.The shared leadership model is one that works well for us, and is one that can work well for many other companies. But like all relationships, it requires effort, trust, and constant communication.
How do you find out if a company is open to using a staffing agency to fill positions?
Get an introduction to the target company through a referral if possible.  A lot of the companies that retain us even talk explicitly about "no agency referrals" on their website.  There are times that going in through HR or their staffing org can be to your benefit but more often that not it helps to have a referral with a "VP" in their title to get you that introduction.  You might still be a long way from getting a fee agreement signed (retained or contingent) but you'll be a lot close than being one of the hundreds of agency recruiters leaving voicemails for the VP HR or Staffing Manager.
How is an average person expected to get through life in the US without a bureaucracy consultant to advise on how to properly fill out all the paperwork?
The lawmakers expect a reasonable average person to be able to guide self through the maze of laws and regulations.Still, some people value their time or are truthful about their abilities to comprehend things, and instead of getting a self-taught degree in taxation or legal intricacies of a company formation (and accounting/financial issues associated with that), those people choose to hire a professional specializing in those areas.I am personally an accountant (corporate accounting) which is as far away from personal taxes as you can imagine, my tax returns are tied to my spouse's and due to presence of several items which are not a common occurrence in an average person's life, I am not even trying to complete our taxes.I do my due diligence with all the information gathering, schedules, support documentation, record retention and such but I can't spend days pouring over it all to come up with a final number.So, I pay a professional to be on time, on spec, and on budget.With respect to legal advice, laws in US vary by state, so me being able to spend 3 years in law school, and then more years trying to be admitted to each of the Bar associations, and then have the ability to research cases for precedents - that's just not reasonable.Still, there are others who actually love this process, are knowledgeable, and can tell me a solution to my problem within 20 mins. Isn't this worth my money?
How do you encourage users to fill out their profile?
Depends on the site and context but here are some ideas:Progress bar (such as LinkedIn)Reward with credits, which might can be used for something Show stats: "By adding your profile picture, your exposure will increase by ___%.""All the cool people are doing it."Aaron Munter  / Aaron Munter - I can't reply to your comment since you were so hurt by my suggestion and decided to block. It's not lacking people skill. It's people who act like they know better than the other person. If you're gonna suggest a better way to "motivate" people, then you need to give examples. It is much easier to state comments such as, "give  intrinsic motivation" without giving specific reasons and examples.  If you're gonna act like a cognitive psychologist by using these terms, please consider what I stated. I hope my words didn't hurt you so much. Life gets much much harder :-)