Nope. We will hold your funds for you! If you are eligible, joining is fast and easy.
Do we need to file taxes?
Collectives do not have a separate legal existence from Open Source Collective and thus should not submit tax forms to the IRS. Your financial activities are included within our annual filings.
Individuals who receive income from Open Source Collective (or one of its hosted collectives) may be asked to submit a W9 and will be issued a 1099. If this applies to you, you will automatically be sent a notification.
If you have questions about your own personal tax situation, we recommend reaching out to a tax professional.
Will OSC own our intellectual property?
Per our Fiscal Sponsorship Agreement, you retain ownership of all your collective's intellectual property. If you would like us to hold non-monetary assets, such as trademarks, please reach out.
Can we receive international contributions or pay out international expenses?
Yes. But be aware that all of OSC’s transactions are denominated in USD and will then be exchanged into other currencies as part of the transaction.
Can you host groups that are based outside of the United States?
What is the process for leaving Open Source Collective?
While you entered into an agreement with us when you joined OSC, there is no contractual obligation to stay with us, or with any particular fiscal host on the Open Collective platform.