Re: [tdf-discuss] Foundation Fundraising

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

On 02/07/2011 01:27 PM, drew wrote:

> A requirement to have to have a US bank account in order to receive funds is not the same thing 
> as saying the money must be dispersed in the US only, is it?

No.

A couple of things to do, before setting up the business account:

* Make sure that you really want to have a business presence in the
state that the bank that handles the account is located in.

* Decide what currency you want the account to be denominated in.
(I don't know how that affects Amazon Processing.)
( I don't know how FDIC works for non US-Dollar denominated accounts.)

* Verify that the bank is financially sound.
(The Federal Reserve Bank is on track to close more financial
institutions this year, than in the previous two years, combined.)

###

If the target is 100.000 €, then it should be a minimum of US$250,000.
(This is to cover currency exchange fees, and the decline in the value
of the US Dollar.)

Disclaimer:
I am not a lawyer.
I am not an accountant.

jonathon
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.10 (GNU/Linux)
Comment: Using GnuPG with Mozilla - http://enigmail.mozdev.org/

iQEbBAEBAgAGBQJNUDd6AAoJEERA7YuLpVrVSWkH+LQz0jPNQzYFhSyXNwrKXWHM
0IR1bvAt7Q8nn29O8fzV5syT/bwPqrR8HhWn3ReMvqLgVHyT3KvTL5VTo/U03hvy
z5Qnlor5iq5lVBJCIyMtbMBSBUdFNGrUcNRdORz8d9E/HP473lYogy7iQCLG7VD/
NMcDLgQrbGWZWKTPSRVuwk3zs3d56JsUWriEvawSrXvd9EOzGeBJfU8/4VlYtMv4
/WPEc/2y9vatiRfQdvNJ3vwgSkJAKRiYJ26FcXFvjdwKsE5UVva2cSr/KoHEY8EG
ZKkpTbW1+Qu08oh/RFa6GgNHCvfkH8pDLkE988VaL1RigWclFs03yDfFthU0BQ==
=69RV
-----END PGP SIGNATURE-----

-- 
Unsubscribe instructions: E-mail to discuss+help@documentfoundation.org
Archive: http://listarchives.documentfoundation.org/www/discuss/
*** All posts to this list are publicly archived for eternity ***