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by rendaw 1371 days ago
Also, I can't find any information about StackAid itself on the site. What country is it in (physical address or physical contact information?) What's the legal status? Right now it's totally anonymous which seems sketchy since its dealing with money.

How are taxes handled? How is money stored and transferred? What risks are there here?

1 comments

Hey, we are located in the US based in Seattle and San Francisco and incorporated as an LLC. Our other founder has more of a social media[1] presence if that's helpful.

We use Stripe to process credit card payments as well as to pay out funds to projects that claim their funds. US based recipients who receive above a certain amount of money will be required to give the required information for 1099 income.

1. https://twitter.com/dudley, https://www.linkedin.com/in/dudleycarr, https://www.linkedin.com/in/wescarr