Hello all,
I recently started a sole proprietorship and advertise (mostly posters, some professional journals etc.) with my companies name. We're basically a hired gun that does business services for other companies. I am the only employee (my wife sometimes pitches in). Armed with this information here a couple of questions for you all. I have been keeping track of all my income via quickbooks so even if I do not recieve a 10-99 from customers I know how much I've recieved. What would be the consequences of someone sending me a 10-99 in my actual name instead of the companies name? Since it is a sole proprietorship would there be an issue at all? So far I've simply been using my personal bank account for both personal and business use. Since I am only a sole proprietorship can I open a business checking account, to make my life easier? or would I need to form my business a different way in order to accomplish this? Thank you all, BB123