Submitting Product to click bank Can i use Pen name?

10 replies
I have used a pen name for my product but do i put my real name on my Click bank account?

how do i go about setting this up so it makes sense? since i want to make sure the cheques come to me not some pen name that i made up
#bank #click #pen #product #submitting
  • Profile picture of the author KristiDaniels
    Don't you want your checks to come to your corporate name? You are going to have some interesting tax issues if you mix your personal and business checking accounts.

    Clickbank has a space for your corporate name that will be the "Pay To" for your checks. The next line is for your personal name.

    I guess you could use a pen name in that spot, but I don't see the point. Your customers see only your customer service email address and Clickbank's name for the vendor. They don't have access to either the corporate name or the personal name that you give Clickbank.
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  • Profile picture of the author SeanfromVanCity
    well i havent incorporated my business yet thats the problem :S
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  • Profile picture of the author KristiDaniels
    That would be step #1!
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    • Profile picture of the author bretski
      Originally Posted by KristiDaniels View Post

      That would be step #1!
      So, every CB vendor is incorporated?
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  • Profile picture of the author KristiDaniels
    No. Some are LLCs.

    And many aren't very serious about actually having a business.

    Nobody would risk their home, car, credit record and everything else in their personal life by not having a business entity if they were serious about running a business.

    If you want to make $36 a month, they go ahead and don't incorporate or create an LLC. Just use your own name and risk everything in your life with one frivolous law suit.

    If you are serious about running a real business, then of course step #1 is to incorporate or register an LLC. It's only $50! Why would you not take that crucial first step? It will easiily save you the $50 in accounting fees when you try to convince your tax person that it's OK to mix personal and business assets in the same account.

    No. A lot of Clickbank vendors are idiots and willing to risk it all for the potential of making less than $100 a month. You aren't one of them though; are you?
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    • Profile picture of the author bretski
      Originally Posted by KristiDaniels View Post

      If you are serious about running a real business, then of course step #1 is to incorporate or register an LLC. It's only $50! Why would you not take that crucial first step? It will easiily save you the $50 in accounting fees when you try to convince your tax person that it's OK to mix personal and business assets in the same account.

      No. A lot of Clickbank vendors are idiots and willing to risk it all for the potential of making less than $100 a month. You aren't one of them though; are you?
      Point me in the direction of the $50 articles of incorporation please. I'd like an S Corp.
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    • Profile picture of the author joshril
      It's only $50 in some states... The pricing varies from state to state. In Oregon the price for an LLC is $50, but in Texas it's $300, etc.

      Additionally, you should speak with a CPA or tax attorney before deciding on a business entity as there could be tax advantages/consequences for going with certain business structures. (Not to mention separate filing requirements, minutes, etc.)

      This will help those in the US:

      http://smallbusiness.findlaw.com/bus...orms-fees.html

      http://www.sba.gov/smallbusinessplan...ure/index.html
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  • Profile picture of the author KristiDaniels
    Agreed. Check with your CPA or tax attorney before deciding if you want an S, C or LLC. Some states and countries have lots of other choices too.

    You choose your state or country of incorporation as long as you don't have any employees, so joshril gave you your answer. Oregon is $50 for an LLC.

    I don't know all of the prices and they change over time, but if you want an S for $50, I would check Wyoming or Nevada. If an S isn't $50 in those states, it is reallly close. Maybe it's $55 instead of $50.
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  • Profile picture of the author SeanfromVanCity
    im from vancouver canada, and it costs 30 $ for name reg, 350$ for incorp. reg,

    plus you need to get a business licence to create a biz accnt

    but i aggree its a very important step and im goin to do it right away
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  • Profile picture of the author KristiDaniels
    You don't have to incorporate a business in Canada just because that is where you live or where you are from.

    Check with your CPA or tax attorney, but usually you incorporate where you "do business" and "doing business" means all kinds of things, but almost never means where you reside or where you are from.

    Most countries and stats will say you are "doing business" there and are required to either incorporate or register as a foreign corporation doing business in their country or state if you...

    Employ people in their state or country as actual employees.

    Have an office in their state or country.

    Claim to do business in their state or country.

    Have a bank account for your business in their state or country.

    There are a few other criteria that would force you to choose where you would incorporate or where you would register as a foreign corporate doing business in that state or country. But "living" there, "residing" there, having "citizenship" there, being "from" there or having customers there are generally not part of those criteria.

    So if Canada is expensive or prohibitive or difficult or whatever, then don't create your business entity in Canada. Create it in a country or state that is cheaper, less prohibitive or less difficult or whatever.

    I'm not a CPA or a tax attorney. If I was, I wouldn't be sticking my neck out giving free advice and putting my license on the line by giving free business entity advice.

    Check with your CPA or tax attorney. But don't just assume that because you are "from" somewhere or "live" somewhere or your passport says some country on it that you can only create business entities in that place.

    One of the advantages of doing business internationally on the internet is that you get to choose these things. Most of the choice disappears when you are brick and mortar.
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