I am confused about the requirements of a business overseas. I live in
America but I am looking to open a learning center in Jamaica, West Indies.
My vision is to get grants and private funding in America. Jamaica Ministry
of Education in Jamaica, says I have to register my school and get a TRN (Tax
return number) I also know I have to register my business in America. So do I
register my business first in America as a non-profit business, then after
building the school register it in Jamaica. Please HELP!
kmurray | Community Moderator |
8/8/2012 - 7:42 am
Hi,
Try getting in touch with a local Small Business Development Center, which is one of SBA's resource partners. They're located across the country andprovide free business counseling and answers. Visit SBA Direct to find your local SBA resource partners by entering your zip code.
Im not an expert in this area but i believe the grant would have to come from
jamica. The only was I can see you getting a grant in the US is if your
headoffice is located there then you branch out to Jamacia.
GrantCentralUSA | Window Shopper |
8/1/2012 - 8:44 am
Based upon your goal and vision of obtaining grants in America to fund your
international effort it makes sense that you secure your paperwork in the
states first and then proceed in Jamaica.
You might consider getting a fiscal sponsor (also called a fiscal agent).
This is where you have a nonprofit that has a similar mission as yours and
work with them.
Any grants you pursue is done under the hub of the organization that already
has its 501c3 nonprofit status and your project is a program of that
organization.
Thus, you don't have to go through the labor of starting a brand new
nonprofit organization. You can pursue grant opportunities and the nonprofit
you work with will have a Memorandum of Understanding (MOU) to determine how
any grants received will be disburse. They often take an administrative fee
(maybe 5% or whatever is agreed upon).
BizResearcher | Window Shopper |
7/31/2012 - 11:20 am
Starting a non-profit is time consuming and can be expensive. You obtain
non-profit status from the IRS. You can find information and the necessary
forms on their web site. Because you live in the U.S., after you obtain your
501C3 status, you register your business with your state agency that handles
such matters.
You obtain a tax ID number from the IRS AFTER you get your non-profit info
from the IRS. Non-profits have different tax reporting numbers than
for-profit businesses.
Once you are compliant with U.S. laws, then you can begin the process of
registering with the Jamaican government.
GrantCentralUSA | Window Shopper |
8/1/2012 - 8:33 am
Show Replied Text…
Need to know where is the best place to start searching for grants and involving private companies
The best place to start searching for grants really depends on the type of
grants you are pursuing.
There are basically two types...Public Grants and Private Grants.
Public Grants (also know as federal grants can be found at http://grants.gov
and http://cfda.gov). (Free Resource)
The best source for Private Grants (also known as Foundation Grants) can be
located at the http://fdonline.foundationcenter.org/. (Fee Based Resource,
but free access at some libraries).
Please note: most of these grant opportunities are for nonprofit
organizations.
kmurray | Community Moderator | 8/8/2012 - 7:42 am
katiekades | Window Shopper | 8/7/2012 - 9:55 am
jamica. The only was I can see you getting a grant in the US is if your
headoffice is located there then you branch out to Jamacia.
GrantCentralUSA | Window Shopper | 8/1/2012 - 8:44 am
international effort it makes sense that you secure your paperwork in the
states first and then proceed in Jamaica.
You might consider getting a fiscal sponsor (also called a fiscal agent).
This is where you have a nonprofit that has a similar mission as yours and
work with them.
Any grants you pursue is done under the hub of the organization that already
has its 501c3 nonprofit status and your project is a program of that
organization.
Thus, you don't have to go through the labor of starting a brand new
nonprofit organization. You can pursue grant opportunities and the nonprofit
you work with will have a Memorandum of Understanding (MOU) to determine how
any grants received will be disburse. They often take an administrative fee
(maybe 5% or whatever is agreed upon).
BizResearcher | Window Shopper | 7/31/2012 - 11:20 am
non-profit status from the IRS. You can find information and the necessary
forms on their web site. Because you live in the U.S., after you obtain your
501C3 status, you register your business with your state agency that handles
such matters.
You obtain a tax ID number from the IRS AFTER you get your non-profit info
from the IRS. Non-profits have different tax reporting numbers than
for-profit businesses.
Once you are compliant with U.S. laws, then you can begin the process of
registering with the Jamaican government.
spinnoc | Window Shopper | 7/31/2012 - 10:07 am
involving private companies
GrantCentralUSA | Window Shopper | 8/1/2012 - 8:33 am
grants you are pursuing.
There are basically two types...Public Grants and Private Grants.
Public Grants (also know as federal grants can be found at http://grants.gov
and http://cfda.gov). (Free Resource)
The best source for Private Grants (also known as Foundation Grants) can be
located at the http://fdonline.foundationcenter.org/. (Fee Based Resource,
but free access at some libraries).
Please note: most of these grant opportunities are for nonprofit
organizations.
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