Posted by Luckydog on 12/14/09 7:23pm
Msg #314329

Skye Closings

www.skyeclosings.com
Has anyone heard of them or worked with them? They sent me a contract to start with them, but sort of leary sending out all my personal info, W-9, copy of DL and E&O etc. I don't mind sending them my SS and DL AFTER they call me for a closing, but hate sending that out when you do not know who they are, or even if I get any closings from them. Their contract seem fair and legit, but they won't add me in their data base without that info upfront, and I am hesitant not knowing who they are before I send it. Thanks

Reply by Notarysigner on 12/14/09 7:45pm
Msg #314333

same thing happened to me couple of weeks ago. I looked at all the required info and then said, "hey, where's the signing"? Then I deleted the email!

Reply by Roger_OH on 12/14/09 8:02pm
Msg #314337

DON'T give your SS to companies!!!

Acquire an EIN from the IRS website, and use it for ALL your business dealings, including on your Schedule C form with your federal taxes. Easy to get, and you'll never worry about bankrupt companies having your SSN.

Reply by CopperheadVA on 12/14/09 8:18pm
Msg #314338

Also, black out your ID number on your D/L and maybe

even your birthdate. Not sure why they need the D/L anyway.

Reply by Ilene C. Seidel on 12/15/09 2:39am
Msg #314364

Re: DON'T give your SS to companies!!!

By getting a EIN number your stating your are a corporation and must register with the state your living in as well as other federal state reports are required to be filed. I am a registered Corporation and think it's the best way to go.

Reply by MW/VA on 12/15/09 8:48am
Msg #314381

Re: DON'T give your SS to companies!!!

I don't know where you got that info, Ilene. You do not have to be a corporation to get an EIN.
Anyone who receives a 1099 is considered self-employed by the IRS. While it may be best to set up a business by having a business license (local) etc., it is not a requirement for an EIN.

Reply by LKT/CA on 12/14/09 9:45pm
Msg #314347

I signed up, but was only asked to fax W-9, E&O policy, bond, and Commission cert. - no DL was requested. Like someone else said, just black out everything on the photocopy of your DL except name (first and last only) and address.....

Reply by Luana Lonergan on 12/15/09 7:21am
Msg #314368

I got an EIN # specifically for notary work. Also, when anyone requests a copy of my DL, I inform them that only if I am an employee for them, will I send them a copy. There is no reason for giving anyone in this business a copy of your DL unless you are a buyer, seller or borrower.

Reply by MW/VA on 12/15/09 8:50am
Msg #314383

I signed up with them. From what I understand they are a new ss. I don't sent anyone a copy of my DL.

Reply by ML/PA on 12/15/09 9:25am
Msg #314388

Whenever I am asked for my DL I just inform the party that my attorney has advised me not to submit it. That has always been enough for anyone asking for it.

Reply by Accesstoledo on 12/15/09 9:36am
Msg #314391

Skye was discussed here about a month ago.
Very good bunch of people
Now offering direct deposits on signings in about 15 days

Reply by Terrie Sliger on 12/15/09 11:23am
Msg #314419

I just did another signing for them yesterday, and I even got a check yesterday from them from a 11/09/09 signing. Nice people. I have done 3 closings with them. They do offer direct deposit within 15 days.

Reply by JanetK_CA on 12/16/09 12:25am
Msg #314566

Hmmm.... You do realize that with direct deposit you're giving them your checking account information? Curious to see this in a thread where people are talking about maintaining some security, not giving out SSN or DL...

Reply by Linda_H/FL on 12/15/09 11:53am
Msg #314424

Someone should add them to SC -

especially anyone who's worked for them already - will be helpful to us all.

Reply by Luckydog on 12/15/09 12:05pm
Msg #314426

Re: Someone should add them to SC -

Thanks for all the advice, I never knew of a EIN and will deff. check that out now, and what the difference is, or how you file taxes, if any diffrent. I am just self employed, no business, if that makes a difference.
It sounds like they are a good group pf people to work for, from what I have been hearing. Thanks for all the imput!

Reply by Roger_OH on 12/15/09 1:34pm
Msg #314443

You need more research...

"I am just self-employed, no business, if that makes a difference".

If you are self-employed, then yes, you have a business. You need to declare ALL your signing income when filing your taxes, and you'll have to complete a Schedule C form for your business earnings. The notary portion of your business income is exempt from self-employment taxes.

As many new folks discover, there's much more to this business than being "just a notary". I hope you have a good accountant, and will do the research necessary on being self-employed to better understand what you are truly getting into. Do you have E&O insurance?