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Last edited by teaze; 09-21-2012 at 09:48 PM.





Just open an account from another bank, you know it's business related but the bank thinks its your personal account. you might have multiple bank cards for different financial insititutions but you keep your business spending seperate.
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The IRS requires that one seperates their business finances and their personal finances so opening a personal account may not be a good option for the op.
About.comFrequently, business owners try to process business transactions through their personal bank accounts in an effort to reduce expenses and bank fees. Unwittingly, they are creating more potential problems for the business in the future.
OP, You need to first check out the laws in your area. Getting a business license is easy. You'll have to first determine what you're gonna say it is that you do.

First off, I'm not a camgirl, but I do operate a number of cams-related, adult-oriented businesses. You should understand that the state or location where you are doing this may have it's own unique laws and regulations pertaining to the opening of business accounts. So, what may be permissible in my state will not work for you.
If having your name on the account is not a problem, you can simply open another personal account and have the bank refer to it as a "special account"... so, it would be "Mary Smith Special Account" A lot of professional people... like Realtors for example, who can not have business expenses co-mingled with their personal funds separate their monies this way.
You might also consider using Zombaio.com for your processing needs. They don't have the VISA upfront requirement that CCBill does. They also have lower processing fees in most cases. I have found them to be easy to work with and very reliable.
But, the processor I've been most pleased with all things considered has been CashX.com. They are a PayPal clone, but 100% adult-friendly. They are as easy to use and implement as PayPal is... you can just use "copy and paste" button codes and avoid the script installation and API configuration headaches that often accompany accepting credit cards on your site or blog. CashX also does not require you to have a business account or license for processing... they are based in Canada and accept your Driver License for ID.
Last edited by Cams; 06-01-2011 at 07:00 PM. Reason: Additional Info





Generally with business accounts all banks in the US will require either a business license or an account with your legal name. There are a few things to be aware of here. First, talk to both a business lawyer & a certified business accountant who to see what type of business will be best for what you are doing. If you apply for a business license on your own based off just reading the paperwork the government hands you, it's likely you'll file for a sole proprietorship... but that may not really be the best option for you. A single member limited liability corporation (SMLLC) might be better, or an S. Corp... which have become very popular among entrepreneurs in the past few years. Each have their advantages, so you need to look at what type of business you plan to have in order to figure out with one with protect your personal assets while balancing appropriate write-offs & savings for your business. Once you know what type of business is the one you want to file for the process is really easy & generally takes less than an hour even if you file in person. Many states are now allowing people to file for their business license online though. Here's a good starting point for you: http://www.businesslicenses.com A good idea with this is to see if the city will let you file with your initials & last name, so if a fan tries to trace it there is an extra layer of privacy protection. You may also want to open up a mail box at a UPS store if the city will allow you to list that rather than your home address. If they won't, then you could consider looking into a "virtual private office" or monthly offices at business centers so you can list a real street address without it being your home address, or even ask your lawyer or accountant to use their address.
If you aren't ready to file for your business license yet, you can also ask your bank if they will allow you to use only a partial name. For example if your name is "Chelsea Shelly Racine" you might be able to list the account as "Racine Entertainment"/"Chelsea Entertainment"/"CS Racine Entertainment". The primary concern here is that they want to have some way to easily identify that you are the appropriate person on the account, & that you seem to be making an effort to operate within the legal bounds of the laws... in other words they don't want to deal with the IRS any more than they have to about turning over records should anything come up as a problem. They are simply making it harder to avoid people trying to cheat the system on purpose. Your primary purpose though should be not only to operate legally, but to make sure you are doing your best to protect your own privacy.
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You might want to google cashx.com. I was looking into using them but after googling them I'm not so sure.



It's probably a good idea to open an entity/company of some sort. We formed an LLC. If anything it allows you not to have to give your social security number to everyone you work with since you can now just give them your business tax id.
As for saying what kind of business you are in you can just state how it's Online Marketing or something similar...
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There are always people who have something to complain about... if you Google PayPal you will find a lot of less than flattering things said about them. In fact, if you go on PayPal's own community-user forum... the longest running thread on there is how bad PayPal is to use and how poor their service is.
I've been using CashX as my primary payment processor for over a year. So far, they've been very good in all areas. And, unlike PayPal, I can actually call them and talk to a human being. By the way, they show a company name or a "dba"... and not your personal name.



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"Consulting" is good. It's vague, but still legitimate. Pick something really boring in case you meet a nosy clerk. I like saying corporate tax law - no one wants to talk about that. ;-}
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