Business side of breeding
- Thread starter JamisonSmith
- Start date
What Matt said
It really is easier to keep the business transactions seperate from the personal account. If I mixed my business transactions with the personal account I would be a total mess, especially as the personal account is joint with my wife
David M
New member
Agreed with both, it's about image and professionalism as well as keeping the books straight. Businesses you sell to aren't gonna like writing checks to Kathy Fishbreeder, they feel more comfortable writing them to Aquacultural Enterprises or even Kathy's Kritters 
Business cards ( cripes, another $29 expense !!!) help make you look more credible too when courting new customers.
It's all a game but the reality is those store owners think of themselves as professionals and are more likely to do business with you if you represent yourself accordingly. Also when you make phone calls to distributors or suppliers you get a lot more attention if you are Kathy from Midwest Tropicals than just Kathy
Business cards ( cripes, another $29 expense !!!) help make you look more credible too when courting new customers. It's all a game but the reality is those store owners think of themselves as professionals and are more likely to do business with you if you represent yourself accordingly. Also when you make phone calls to distributors or suppliers you get a lot more attention if you are Kathy from Midwest Tropicals than just Kathy
Well, I do introduce my self as Kathy of Kathy's Clowns, and I do have some lovely business cards, and some for my Dad, who is my marketing director pro bono, and I have stationary, and I have a seperate checking account from my personal account. So far no one to whom I've sold my fish object to writing the check to Kathy Fishbreeder. It's just not a biggie.
I looked into a business checking account, and it was a nightmare. Only some, not all of branches of the institution would accept deposits, because they had to keep a count of the checks I deposited, and charge me by the check, etc. etc. So I just opened another account at the credit union at work, so I can deposit checks at my convenience, and it is all free.
I just wondered if there was some advantage that I had overlooked. I did not see a one.
I looked into a business checking account, and it was a nightmare. Only some, not all of branches of the institution would accept deposits, because they had to keep a count of the checks I deposited, and charge me by the check, etc. etc. So I just opened another account at the credit union at work, so I can deposit checks at my convenience, and it is all free.
I just wondered if there was some advantage that I had overlooked. I did not see a one.
David M
New member
Other than the 20th century banking practices you encountered I see no problem if it works for you. Are you serious about that bank? That is rediculous 
Credit unions are NOT banks, I can maybe see that kind of BS there, but a bank?
OTOH if you have business cards and stationary with "Kathy's Clowns" on them and there is in fact no such FBN or DBA registered with whatever authority applies and there is no business liscense issued in that name, well.... that would make me very nervous. No way I'd do that in California. You may want to make sure that is legal in your state. All it takes is one angry customer and you could find yourself in a LOT of trouble.
Credit unions are NOT banks, I can maybe see that kind of BS there, but a bank? OTOH if you have business cards and stationary with "Kathy's Clowns" on them and there is in fact no such FBN or DBA registered with whatever authority applies and there is no business liscense issued in that name, well.... that would make me very nervous. No way I'd do that in California. You may want to make sure that is legal in your state. All it takes is one angry customer and you could find yourself in a LOT of trouble.
<a href=showthread.php?s=&postid=8763298#post8763298 target=_blank>Originally posted</a> by David M
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OTOH if you have business cards and stationary with "Kathy's Clowns" on them and there is in fact no such FBN or DBA registered with whatever authority applies and there is no business liscense issued in that name, well.... that would make me very nervous. No way I'd do that in California. You may want to make sure that is legal in your state. All it takes is one angry customer and you could find yourself in a LOT of trouble.
Oops, forgot to mention that I got the fictitious name and business license in the great state of Missouri. And I filed taxes including the money I made in phytoplankton and rotifers to my local club last year, as well as the few fish I sold. All legal, here.
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