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 Name | Entity Detail | Status | ||
| (L12395521) | FIRST STOP TECH | Personal Property | ACTIVE | ||
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.

No comments:
Post a Comment