Posted by MC_oh on 1/4/06 6:21pm
Msg #86099

Two Notaries, Same Name

I have been experiencing a problem with a NSA in another state who happens to have the same name as me. Checks are being sent to the wrong NSA (and being cashed). This naturally delays my payment. I also have to wonder what happens if the other NSA gets on a do not call list. Of course the answer , is to use a business name, but I worry I could lose business by adopting a business name. Any thoughts?

Reply by cmd_NH on 1/4/06 6:32pm
Msg #86104

Why would you feel you would lose business by adopting a business name? I'm in the process of registering a business name and plan to update my contacts with the information so my info can be updated in their databases.

Reply by JM_NY on 1/4/06 6:34pm
Msg #86105

Use you name/business name. Everyone will still know it is you. You won't lose any business.

Reply by Loretta Reed on 1/5/06 9:01am
Msg #86200

There is no way you will lose business by becoming incorporated. A simple LLC Corporation will give you tax breaks and you will have protection from law suits in some cases. I would never work without being an LLC now.

Reply by PAW_Fl on 1/5/06 9:05am
Msg #86202

I asked our attorney about becoming an LLC and he said to save my money. For a notary as a "sole proprietor" there probably would be no tax benefits that I can't already claim. (Of course, you need to look at your own situation, everyone's is different.) As for liability, the notary is solely, personally and independently responsible, regardless of the business entity to which they are associated. In FL, if the notary is acting for the business, not only can the notary be held personally responsible, the business can also be liable.

Reply by John_NCal on 1/5/06 10:08am
Msg #86227

I agree. In my opinion being incorporated helps when you have a business other than a personal service business such as a signing agent. In our case an LLC only helps to raise fees for the state which in California is a minimum of $800.00 per year. If a person wants to avoid the two name problem cited above the solution is simple, register a fictious business name and operate that way.