I am a first-year undergraduate student at NYU from Kazakhstan. I have been developing a fitness IoT startup since September 2015. So far, I have been iterating the concept through NYU grants and competitions. Two teammates joined me recently and we have not properly discussed equity split because I have been doing the majority of the legwork and they haven't yet brought significant value just yet.
Now, I recruited two electrical engineers, one computer engineer, and three machine learning developers. They are all internationals doing Masters studies at NYU and are looking to treat this opportunity as a short-term internship. However, for them to be legally approved to stay in the US over the summer they have to be enrolled into OPT or CPT. This means that I must incorporate the company and deal with my visa process. Consider all that with the fact that we are have been approved to launch our beta at NYU in August 2016.
Has anyone been through this?
Any advice in regards to biz in NY or foreign entrepreneurship helps a lot! Thank you.