Re: Naming my corporation

Hello Kelly,

Limiting liability is one of the primary reasons for incorporating. A
corporation is a legal entity. In other words, the corporation is an
individual from a legal and tax viewpoint.

As far as I know, a corporation can register as many dba's (doing business
as) as it wants to.

A dba allows you to open a bank account and cash checks made out to the
registered dba. You can register more than one name under a dba. This means
you can cash checks for more than one business using the same checking
account. Why you would or wouldn't want to is another matter.

You do not mention your reasons for incorporating. LLC's are far less costly
and provide liability protection. The LLC is not taxed. Net profits flow
through to the owners who are taxed individually.

Unless you are looking for big $$$ funding and need to issue shares, LLC is
probably a better way to go.

I suggest you better define your business goals (from a growth and taxation
viewpoint) before choosing how to set up your business.

Nolo Press (www.nolo.com) is a good resource for more self-help information
in this area.

Keep in mind that I make these suggestions to help focus your thinking on
what would be the better solution for your needs. Since both legal and tax
regulations vary from state to state, you might want to talk to an
accountant handling small businesses for advice on what works best in your
specific situation. If you work out the specifics of what you want to
achieve prior to your visit, you should get the information you need for
maybe an hour's consultation fee.

A few suggestions.


-- 
J.P. Solyom, B.Sc.E.E., M.B.A.
KS Business Development
Sales and Marketing Solutions for the New Economy
powerSales & mailSHOT - When you need a steady stream of qualified prospects
(253) 272-0996  [EMAIL PROTECTED]


On 9/7/03 7:09 PM, in article [EMAIL PROTECTED], "Penury Press"
<[EMAIL PROTECTED]> wrote:

> 
> I have successfully self published two books.  I am now going to be
> publishing a book by an author other than myself so I need to
> incorporate.    I would say I am on a shoestring budget but I can't
> afford the shoe string so I am incorporating the business by myself -
> no lawyers.  I was to use my name --something like kellybean
> enterprises, inc. and then under the inc run the publishing company
> under its current name..say xyz publishing.  The reason for this is
> that I also get paid as a speaker to talk about publising  and it
> would be less confusing to my clients if they could write the check
> out to Kellybean Enterprises rather than xyz publishing.  So, can I
> run a separate business under a different corporate name?
> 
> Thank YOU!