Fiscal Host: Difference between revisions
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== Platform 6 == | == Platform 6 == | ||
=== References === | |||
* [https://platform6.coop/platform-6-fiscal-host-open-collective Platform 6 - Fiscal Host] | * [https://platform6.coop/platform-6-fiscal-host-open-collective Platform 6 - Fiscal Host] | ||
* [https://opencollective.com/platform6-coop Platform 6 on OpenCollective] | * [https://opencollective.com/platform6-coop Platform 6 on OpenCollective] | ||
* [https://platform6.coop/oc-terms-of-service ToS] | |||
=== Application === | |||
Stuff of note from ToS: | |||
<blockquote> | |||
We're expecting that you are on a pathway that will most likely see you with your own bank account within six months or so. Nothing hard and fast, but a rough guide. If you anticipate using the fiscal hosting service for much longer then let us know. We won't rule you out, but we might want to talk about some form of payment in respect of the not insignificant amount of work that we do behind the scenes to handle all of the accounting. | |||
</blockquote> | |||
This seems reasonable, we can just let them know we're doing something similar to social.coop and want to be straight up with them that we might not establish our own independent legal entity unless we need to. | |||
Revision as of 02:24, 24 January 2024
Up to: Legal
Summary
We need to
- exist as some kind of legal entity
- be able to pay the bills
- and also accept donations/grants
We don't want to start our own nonprofit unless we really have to, so a fiscal host allows us to behave like a nonprofit by allowing another organization to process money on our behalf.
Platform 6
References
Application
Stuff of note from ToS:
We're expecting that you are on a pathway that will most likely see you with your own bank account within six months or so. Nothing hard and fast, but a rough guide. If you anticipate using the fiscal hosting service for much longer then let us know. We won't rule you out, but we might want to talk about some form of payment in respect of the not insignificant amount of work that we do behind the scenes to handle all of the accounting.
This seems reasonable, we can just let them know we're doing something similar to social.coop and want to be straight up with them that we might not establish our own independent legal entity unless we need to.