Business Side of Things

[sjfcontrol]

Actually BofA has business accounts with no fee if you use your ATM card at least once per month.

[OldCannon]

What are good banks for a small business? Low/no fees are a big plus. $10-15/month maybe small change for a business with a quarter million in annual revenue, but are a big bite for a side business with $2000 annual revenue.

Yeah, I just canned my business account with Chase because they pillaged my account monthly regardless of what I did. I'm opening up a business account with a credit union instead.

[mojo84]

I use two local community banks for my personal and business banking needs. Minimal fees, all the services I need and they all know me by name when I walk in the door. \

I can't stand the idea of using the big banks any longer. Came to that conclusion when I worked for one.

[i8godzilla]

Actually BofA has business accounts with no fee if you use your ATM card at least once per month.

+1 on Bank of America for a business account.

[OldCannon]

Actually BofA has business accounts with no fee if you use your ATM card at least once per month.

+1 on Bank of America for a business account.

That's nice to know. I'll compare them to the CU that's next door to them. I love it when people compete for my meager money :)

[RttlTrap]

We have used Capital One for small business. Free is good.

http://www.capitalone.com/bank/smallbus ... lyfree.php" onclick="window.open(this.href);return false;

[apostate]

A question for folks who have formed a limited liability company (LLC) in Texas: What did you do for a registered agent? I was thinking of naming myself but (1) I would prefer not having my residence address on the public forms and (2) I won't be sitting at home to receive legal process/notice/demand if I and/or the company has work.

[OldCannon]

A question for folks who have formed a limited liability company (LLC) in Texas: What did you do for a registered agent? I was thinking of naming myself but (1) I would prefer not having my residence address on the public forms and (2) I won't be sitting at home to receive legal process/notice/demand if I and/or the company has work.

I was always told that if you start a business, the first thing you should be planning is how to sell the business. That means you think about growth, marketing, and ultimately, handing the reins to somebody else when you're ready to retire. I know some businesses are successful using the founder's name (Cabela's, etc.), but I decided to go down a route that used a name with a strong symbolic value. My company name is Old Cannon, LLC. I have a DBA as "The Old Cannon Armory". Many of you are likely familiar with the story of the Old Cannon, although probably not by that name: http://www.oldcardboard.com/lsj/olbooks ... c/otd7.htm" onclick="window.open(this.href);return false;.

I even had a logo made



I'm hoping to have my FFL work completed by the end of September

[apostate]

A question for folks who have formed a limited liability company (LLC) in Texas: What did you do for a registered agent? I was thinking of naming myself but (1) I would prefer not having my residence address on the public forms and (2) I won't be sitting at home to receive legal process/notice/demand if I and/or the company has work.

I was always told that if you start a business, the first thing you should be planning is how to sell the business. That means you think about growth, marketing, and ultimately, handing the reins to somebody else when you're ready to retire. I know some businesses are successful using the founder's name (Cabela's, etc.), but I decided to go down a route that used a name with a strong symbolic value. My company name is Old Cannon, LLC. I have a DBA as "The Old Cannon Armory". Many of you are likely familiar with the story of the Old Cannon, although probably not by that name: http://www.oldcardboard.com/lsj/olbooks ... c/otd7.htm" onclick="window.open(this.href);return false;.

I even had a logo made



I'm hoping to have my FFL work completed by the end of September

It sounds like you have a plan. Who/what did you use as the registered agent?

[silentex]

If you're filing through LegalZoom or one of the other online "legal" sources, they provide paid services to act as the agent. I'd imagine there are local sources that will do the same, but I'm betting they'll be more expensive.

[OldCannon]

If you're filing through LegalZoom or one of the other online "legal" sources, they provide paid services to act as the agent. I'd imagine there are local sources that will do the same, but I'm betting they'll be more expensive.

I used these services from Nick Spradlin (http://www.ns-texaslawfirm.com" onclick="window.open(this.href);return false;). I engaged him long before I considered asking folks on here for recommendations, so perhaps Charles Cotton might have other suggestions. I think the key point is to always compare and decide what is important to you. You might find a local lawyer will be of more benefit. Mr. Spradlin will also offer registered agent services, but there's definitely a premium there (extra $185 annually).