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Registering your business name?

by JeffNormand
5 replies
Hey all,

I'm new around here so go easy on me

Just registering a few accounts here and there (CB, etc..) and when asked for the payee name, I'm just wondering if I should put my personal name, or my "company" name (company being me having bought a domain)?

Are there any advantages to register your business name? Government benefits? (I'm in Quebec, Canada btw).


Thanks in advance!
#business #registering
  • Profile picture of the author Elle Holder
    Hi Jeff

    Unless you have a bank account tied to your company name, I would suggest you use your own name for now.

    I have a company name--registered in Ontario--and a business bank account tied to that name, so that is what I use. As far as benefits, there really aren't any to start off with IMO. As you begin earning, that may change. In Ontario we have Sole Proprietor companies, and it's all one and them same as far as your personal income tax goes, but that may be different there in QC.

    Don't confuse a domain name with a company name. Two different animals.

    And welcome to the forum!
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    • Profile picture of the author donakluttz
      Originally Posted by Elle Holder View Post

      Hi Jeff

      Unless you have a bank account tied to your company name, I would suggest you use your own name for now.

      I have a company name--registered in Ontario--and a bank account tied to that name, so that is what I use. As far as benefits, there really aren't any to start off with IMO. As you begin earning, that may change. In Ontario we have Sole Proprietor companies, and it's all one and them same as far as your personal income tax goes, but that may be different there in QC.

      Don't confuse a domain name with a company name. Two different animals.

      And welcome to the forum!
      I agree with Elle, registering a domains doesn't mean you can receive payments with that name, you will need a bank account tied to your company name.

      Yes in you can use paypal account for payment if you don't want to reveal your name, simply create a paypal account with the name <yourbusiness>@<emailprovider> and link your personal bank account/credit card to the paypal account.
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      • Profile picture of the author Adam Stonehocker
        Hi,
        For Click Bank I used my personal name - Its the easiest way to go about it. Even if the check is not in your name and under a businesses name, I know of no tax benefits or advantages to getting the check in your name.

        I would keep it simple and have the check addressed to you. That gives you more flexibility. You could deposit the check into your own personal account or into your business bank account.

        that's my 2 cents.
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  • Profile picture of the author CDarklock
    Originally Posted by JeffNormand View Post

    when asked for the payee name
    That's the name they print on the check.

    If you can't cash checks made out to your domain name, don't put it there.
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    "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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