When to file Fictitious Business Name Statement

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When to file Fictitious Business Name Statement

Should you set up a publishing company that will be the imprint of your book and run it as a self-proprietorship, you may have to file a Fictitious Business Name Statement. This also is known as a Doing Business As form.

It all depends on the name you give your business. If your personal name clearly appears in your business�� name, then you generally won��t need to file such paperwork. For example, if your name is Ann Smith, then Ann Smith Publishing means you��re in the clear. Vary it just a little, however, say to A.S. Publishing, and you almost certainly will have to file such a statement. If you go with something like Red Cliff Publishing, which doesn��t have your name at all in it, you definitely will need to file.

The process for filing differs from state to state. A good place to start is with your county��s or city��s recorder office. The paperwork is usually easy to complete, and there will be a small fee. Some counties and states also may require that you publish a notice over a week to a month in a local newspaper announcing your fictitious business name; this also usually comes at a cost.

Of course, once you file such a statement, then you probably will need to go to the next step in affirming your business: Separating the business�� revenues and expenses from your personal wages. Filing a FBNS will allow you to set up a bank account in the business�� name, to receive royalties checks in the business�� name, and to obtain credit cards in the business�� name.

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