Discussion:Has corporation, but also uses his name

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Discussion Forum Index --> Basic Tax Questions --> Has corporation, but also uses his name

Discussion Forum Index --> Tax Questions --> Has corporation, but also uses his name

Bsacc (talk|edits) said:

12 May 2014
I have a client who is a consultant with a corporation, mainly used for his online consulting work. The corporation has a unique name, meaning it is not his own name. He also does consulting work locally and markets himself using his own name. He wants all the profits and expenses to run through his corporation. Is it okay that he uses his name to market himself locally (separate website and business cards) and runs all income and expenses through the corporation? He even receives checks in his own name and deposits them in the corporate account. He has his QuickBooks setup with two different templates for invoices, one with his name and one with the corporation name.

Does he need to register his name as a fictitious name under the corporation for it to be legitimate?

Any thoughts and suggestions on how to handle this will be much appreciated.

Gazoo (talk|edits) said:

16 May 2014
What the consultant needs is a consultant. Tell him to see a competent attorney and try to straighten himself out. I suspect your client is unaware of his subconscious unwillingness to make a commitment. Your client refuses to be "tied down". He's a freedom seeker, love-child that sort of thing, so he'll probably need a psycholgist too. Tell him to avoid the "life coach" industry.

Wiles (talk|edits) said:

16 May 2014
Would someone from the "business coach" industry be OK? They will show you how to double your profits in 5 years and they only take 50% of those future profits starting in Year 1.

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