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here's a related question. what if you are a sole proprietor? do I start incorporating and setting up a business bank account now before they ask for the detai

here's a related question. what if you are a sole proprietor? do I start incorporating and setting up a business bank account now before they ask for the details?

throwaway8490 12y ago
In the USA, banks will only accept one or two checks for deposit to your personal account if you're using a fictional company name before demanding you create a business account. You don't need to incorporate to create a business account, but you have to register your fictitious name locally. Costs about $40 at various places around town and they handle all the paperwork and announcement in a newspaper. For taxes, you just keep all receipts and file a Schedule C. When depreciating equipment, you need to know the day it was bought. Also, check if your city requires city taxes. Some do, some don't.
- curiously 12y ago
  okay well im in Canada
  - roel_v 12y ago
    Don't rely on the internet for this sort of stuff beyond what you can find on the website of your chamber of commerce. Spend 2 hours with an accountant, they'll tell you all you need.