8 {{ upvoteCount | shortNum }}
8 {{ upvoteCount | shortNum }}

WHY is it necessary to setup a company to sell my company products or services?

by info126
7 replies
I would like to know why companies like to do business with companies and not individual.

For an example, I would need to set up a company to sell my service or product. Why can't companies normally deal with me individually? WHY they prefer to pay me the cheque to my company name instead of to my name?

Thanks.
#company #products #sell #services #setup
  • Profile picture of the author KyleG1461
    Because then they know that you're an actual business not just some guy trying to rip them off?
    {{ DiscussionBoard.errors[8811537].message }}
  • Profile picture of the author mjbmedia
    why do you buy from Amazon and not honest Joe from the street corner
    Signature

    Mike

    {{ DiscussionBoard.errors[8811608].message }}
  • Profile picture of the author Jason Kanigan
    You don't NEED a company; I did business as an individual for many years and nobody ever had a problem with it. But I come with experience and credentials they can check. If they want what you do badly enough, it won't be an issue.

    Having a company *feels better* somehow, though. And in the US it's cheap to set up. A few hundred bucks for an S-Corp and you're on your way.
    Signature
    >> How To Grow Your Online Business [FREE Training Video, No Opt-In, from 10+ Year Vet]

    >> For Agency Founders: The Fast Shortcut To Selling SEO, Leadgen, Webdesign & Other Services
    {{ DiscussionBoard.errors[8811725].message }}
    • Profile picture of the author kirbymarketingconcierge
      Jason is right. IMO

      1 rule that still works (or I could be wrong) you sell yourself.

      If people don't by my passion, confidence, desire, competence, etc.., to really help them, they aren't going to buy anything else from me.



      I'M new, just me starting out, calling on you directly because I believe I can help, I'll be direct with you, I Want to help, here's what I'm good at!, and

      "your buck stops"       with me....

      or when a company says "the customer comes 1st" you can take that sales line to the bank???

      but I could could be wrong.
      {{ DiscussionBoard.errors[8811896].message }}
    • Profile picture of the author iAmNameLess
      Originally Posted by Jason Kanigan View Post

      Having a company *feels better* somehow, though. And in the US it's cheap to set up. A few hundred bucks for an S-Corp and you're on your way.
      Yep.. or you can just get a DBA... if you get an EIN (free and takes 5 minutes) a lot of banks will allow you to accept checks in the name of the business that is printed on the EIN, so you don't even need to do the whole DBA thing if you didn't want.

      It's not smart... and if you take yourself seriously, you will want to incorporate. That's the real reason most businesses would rather do business with another business.
      Signature
      {{ DiscussionBoard.errors[8812000].message }}
  • Profile picture of the author mjbmedia
    If you are just you, then you are all you have, if something goes wrong I have to sue you and I will get you and destroy you.

    If you are a business, you have much more back up, if something goes wrong, first off its more likely because you've set up more professionally that youd have indemnity insurance (please ensure you have) and if it all went wrong Id sure the company and I wouldn't necessarily have to destroy you too
    Signature

    Mike

    {{ DiscussionBoard.errors[8812217].message }}

Trending Topics