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Originally Posted by Barefootsies
I've heard (before yours) other stories, or nightmares with BOA. I'm glad there are not a lot of them around here. I would hate to be going through the same grief.
Well I can see your point of view doing it the way you are. I just prefer, and recommend, anyone IN business set it up like a business. Both for tax reporting, and protection. But it's not to say that is the only way to do it. Just recommended from my accountant, and lawyer.
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I am in business, I make over 6 figures and still dont see the need to do it (also I dont have employees), I have a friend who also makes 6 figs and hes doing it under his ssn as well. Maybe if i had employees and we were doing millions of dollars in transactions I would have to do it, but I'm just one person...