Comments on: Do You Need to Incorporate? https://filthyrichwriter.com/do-you-need-to-incorporate/ Tips, tools, & training for new and aspiring copywriters. Tue, 30 Jan 2024 23:38:14 +0000 hourly 1 https://wordpress.org/?v=6.6.1 By: Kate Sitarz https://filthyrichwriter.com/do-you-need-to-incorporate/comment-page-1/#comment-491283 Mon, 15 Feb 2021 14:59:20 +0000 http://filthyrichwriter.com/?p=5309#comment-491283 In reply to A.A.

Hi there!
So glad to hear this article was helpful (of course, always consult the legal pros if you have additional questions). To answer your questions:
1. We *just* posted an article about business bank accounts today that I think you’ll find useful: https://filthyrichwriter.com/opening-a-business-bank-account-as-a-copywriter/ But the short answer: you need to keep your personal and professional finances separate, but that doesn’t mean you have to have a *business* bank account. You can simply open a personal account that you use solely for business transactions. This podcast episode may also help: https://filthyrichwriter.com/podcast/tax-and-bookkeeping-tips-for-freelance-copywriters/

2. No, your clients won’t view you as unprofessional. First, they will have 0 idea what type of bank account you’re using. Second, clients are used to making payments to an individual’s name. Many of them frequently work with contributors like copywriters and graphic designers who are often sole proprietors.

It’s really easy to feel like we *need* to do a lot to feel more professional, but the truth is doing the work and getting paid is what makes us feel professional 🙂

Thanks for commenting!

]]> By: A.A https://filthyrichwriter.com/do-you-need-to-incorporate/comment-page-1/#comment-491036 Sun, 14 Feb 2021 00:56:00 +0000 http://filthyrichwriter.com/?p=5309#comment-491036 I initially wanted to form an LLC for my copywriting business, but this article along with a couple other articles on this site have helped me realize that it’s best to move forward as a sole proprietorship, especially since single-member LLC’s and sole proprietorships are taxed the same way. I’ve just gotten an EIN as well.

That being said, I have two questions:

1. Is it REALLY necessary for me to open up a separate business bank account as a sole proprietor? Many articles online have said that it’ll make tax filing easier, but to me, it seems overly complicated.

2. Will potential clients view me as unprofessional if I ask them to make payments to my personal bank account rather than a business one?

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