Newbie - FAQ

It doesn't have to be set up as a true LLC.
Jess_CountryGirl See my TER Reviews 249 reads
posted

Most ladies I know, myself included, use something that's very generic or vague. For example, I make and sell things online so when I accept a CC payment it comes up with that name on the charge.  

Posted By: LasVegan
Any idea what providers list as the "pay to" entity on credit card transactions between her and her client?  Does she have to be set up as an LLC to do so?  
   
 Thank you in advance for your input.

LasVegan569 reads

Any idea what providers list as the "pay to" entity on credit card transactions between her and her client?  Does she have to be set up as an LLC to do so?

Thank you in advance for your input.

GaGambler211 reads

No one wants to see "Hannah's hookers" on their CC statement. It's a lot more likely to show up as "HH enterprises"

and no, it is most definitely not necessary for one to either incorporate or set up an LLC to open a merchant account, this goes for any business of course and not just hookers. There is very little reason for a provider to set up an LLC or to incorporate, as the primary reason to do so is for liability purposes, not tax purposes.

Posted By: LasVegan
Any idea what providers list as the "pay to" entity on credit card transactions between her and her client?  Does she have to be set up as an LLC to do so?  
   
 Thank you in advance for your input.

Most ladies I know, myself included, use something that's very generic or vague. For example, I make and sell things online so when I accept a CC payment it comes up with that name on the charge.  

Posted By: LasVegan
Any idea what providers list as the "pay to" entity on credit card transactions between her and her client?  Does she have to be set up as an LLC to do so?  
   
 Thank you in advance for your input.

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