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 Post subject: Paging all lawyers
PostPosted: Mon Jul 20, 2009 9:09 pm 
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Joined: Sat Apr 26, 2008 5:54 pm
Posts: 5769
Location: Keystone State
I know all of you are out of state, but maybe you can give me some general advice. I am starting a small business and I am not sure what I need to do from a legal standpoint. Here is where I am at.

1. I had an old EIN number from a past business that I had reactivated with my new business name. The IRS is sending me the info.

2. I am planning on being a sole proprietorship. My revenues will only be a couple thousand dollars with my initial expenses about the same. (I am not doing this solely for profit, but as a community thing too.) I could expand this business over the next several year with different diversified entities. For instance, my business I am running this year has a different name for marketing purposes than the actual business name.

So my question is this. In order to open a business checking account, I need a ficiticious name. But what should the name be? the Business name or the branch of the business or both? Also, it says I have to pay $70 to file in PA. Then I am supposed to contact my county and advertise? This is getting expensive for a small business venture. Any guidance would help.

(I am sorry if I am being vague, but I don't want to give out too much on here for privacy reasons. Just PM if you have any questions)

Thanks,

BB

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