Tuesday, April 1, 2008

TA Name locked in.

My contact at Personal Property hipped me to the web page:
http://sdatcert3.resiusa.org/UCC-Charter/CharterSearch_f.aspx

Here you can use that L number received from the personal property form and search for the status of your TA name.

(Dept. ID)Entity NameEntity DetailStatus
(L12395521)FIRST STOP TECH

Personal PropertyACTIVE

The "Active" means First Stop Tech is a proper business in the eyes of Maryland.
I passed this info on to PNC bank so my business account in limbo is locked in.

Now I can get around to the liability protection in earnest.
Establishing a small fund in the bank account for business purposes, I have assigned myself a pay rate of 80% of the hourly rate I charge.

I can give myself a raise once the fund is reasonably flush.
I have purchased some equipment for the business and I can reimburse myself with this money.

This is where the accounting can get confusing and I'll need to educate myself on keeping books. If things get hairy, I've got a pro in mind.

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