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contract worker, can I just create a business name?

by slninc / March 21, 2007 4:57 PM PDT

Hello,

I'm currently in graduate school and have a job at a lab as a contract worker. My boss told me that I should just create a company and bill them directly every month since they do not want to put me on the payroll. Therefore, I will be charging a flat fee for my services and will instruct the lab to make the check out in my name. Can I just create a company name (like lab animal health inc.) and put that name on the invoice? Or is this illegal to do? I do not actually wish to create a formal company (no actual company bank account), and I don't really care if someone takes the name, logo, or anything else associated with the 'company'.
Also, I may advertise to other labs about my services, and if I do need to 'hire' people I will simply act as a liaison and connect the future employee with their future employer and maybe collect a small fee for bringing the two together when the future employee is employed.
I don't see how this could be a problem, however I just want to double check, I'm pretty sure the company name I chose (which is diff from above) is not taken by any company (is there a way to check if it is?) and since there is no money related with this company, I don't see how I could get in any type of trouble (unless I don't report the earnings). I'd really appreciate it if anybody could give me some feedback,

Thanks ...

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I did that.
by R. Proffitt Forum moderator / March 22, 2007 1:43 AM PDT

But since I was a consultant I just used my initials as the name. It's been over a decade and it works. I didn't bother with a business license or such since it's just me and no office etc. So simple works.

If your initials are JVP then that's the company name and the checks just fly through the banks for me.

Bob

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BTW...
by R. Proffitt Forum moderator / March 22, 2007 1:44 AM PDT
In reply to: I did that.

I do pay taxes and report it all. The company that I bill does a t-1099 each year and so that's about it.

There are lots of advice about this so don't be too confused.

Bob

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