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There’s already some good advice shared here but I’ll add that not all fiscal sponsors are the same and there are a few different models of fiscal sponsorship out in the world that have VERY different implications for the relationship and what your project’s responsibilities will be vs what the sponsor would be responsible for.
For background. I’m a consultant that focuses exclusively on the fiscal sponsorship sector – working both with sponsors and sponsored projects. If I can be helpful in any way, please don’t hesitate to reach out.