Author Topic: Chase ink cash new bonus (Read 14540 times)

davidrotts63 · « **Reply #60 on:** March 27, 2018, 05:51:04 PM »

Quote from: sky121 on March 27, 2018, 05:45:28 PM

When they ask for bus name and it's not a registered official name you give them is that a legal problem? What if someone has a small side business and that's what they call it but it's not registered ?
One they pay taxes on etc.

(An actual business, not a 'made up' one to apply)

Quote from: ChaimMoskowitz on March 27, 2018, 05:42:17 PM

-1000000000000000
You put down the legal name of the business. The problem is when so many are pretending they have a business.

AFAIK you can have a legal Sole proprietor with a DBA as a random name, not your own name. And when it comes to taxes they have no idea, and don't need to have an idea that you are doing business as "CM biweekly Vegas trip" rather you earned the money via self employment. More then that is irrelevant.
If I resell 10k of products annually, I thereby have a sole prop. And FWIW my business can DBA "I'm a troll".(

)
CMIIW.

ChaimMoskowitz · « **Reply #61 on:** March 27, 2018, 05:55:36 PM »

Quote from: davidrotts63 on March 27, 2018, 05:51:04 PM

AFAIK you can have a legal Sole proprietor with a DBA as a random name, not your own name. And when it comes to taxes they have no idea, and don't need to have an idea that you are doing business as "CM biweekly Vegas trip" rather you earned the money via self employment. More then that is irrelevant.
If I resell 10k of products annually, I thereby have a sole prop. And FWIW my business can DBA "I'm a troll".()
CMIIW.

You put down the legal name of your business. It is that simple. The problem is many have no business so they want to know how to get around that. We both know what is going on.

LoLo · « **Reply #62 on:** March 27, 2018, 05:56:16 PM »

Quote from: ChaimMoskowitz on March 27, 2018, 05:42:17 PM

-1000000000000000
You put down the legal name of the business. The problem is when so many are pretending they have a business.

We're talking sole prop. without legal business docs.

That's what I did before opening my corp.

Wasn't worth he hassle of opening a corp when i was just starting out to test the waters.

mmgfarb · « **Reply #63 on:** March 27, 2018, 05:56:48 PM »

Quote from: ChaimMoskowitz on March 27, 2018, 05:55:36 PM

You put down the legal name of your business. It is that simple. The problem is many have no business so they want to know how to get around that. We both know what is going on.

Creating an LLC is ridiculously easy, this shouldn't really be a problem for anyone.

davidrotts63 · « **Reply #64 on:** March 27, 2018, 05:58:34 PM »

Quote from: ChaimMoskowitz on March 27, 2018, 05:55:36 PM

You put down the legal name of your business. It is that simple.

+1

Quote from: ChaimMoskowitz on March 27, 2018, 05:55:36 PM

The problem is many have no registered legal business, rather they are applying as a sole proprietor.

FTFY
There is something called a Sole Proprietor, which can RIGHTFULLY lead to such questions.

davidrotts63 · « **Reply #65 on:** March 27, 2018, 05:59:03 PM »

Quote from: mmgfarb on March 27, 2018, 05:56:48 PM

Creating an LLC is ridiculously easy, this shouldn't really be a problem for anyone.

Does it change how you have to file taxes?

ChaimMoskowitz · « **Reply #66 on:** March 27, 2018, 06:03:11 PM »

Quote from: davidrotts63 on March 27, 2018, 05:58:34 PM

There is something called a Sole Proprietor, which can RIGHTFULLY lead to such questions.

What are you talking about? A SP is a legal business. None of mine have my name as DBA.

davidrotts63 · « **Reply #67 on:** March 27, 2018, 06:06:30 PM »

Quote from: ChaimMoskowitz on March 27, 2018, 06:03:11 PM

What are you talking about? A SP is a legal business. None of mine have my name as DBA.

It's a legal business which isn't registered anywhere. Now that it isn't registered anywhere Why can't your DBA be something other than your name?

ChaimMoskowitz · « **Reply #68 on:** March 27, 2018, 06:10:33 PM »

Quote from: davidrotts63 on March 27, 2018, 06:06:30 PM

It's a legal business which isn't registered anywhere. Now that it isn't registered anywhere Why can't your DBA be something other than your name?

Not sure what you are getting at or what you are asking. The OP was about putting down the name of the business for a SP. Many said put down your own name. You but down the legal name of the business. If you don't have a legal business don't apply and commit fraud.

davidrotts63 · « **Reply #69 on:** March 27, 2018, 06:18:17 PM »

Quote from: ChaimMoskowitz on March 27, 2018, 06:10:33 PM

Not sure what you are getting at or what you are asking. The OP was about putting down the name of the business for a SP. Many said put down your own name. You but down the legal name of the business. If you don't have a legal business don't apply and commit fraud.

Granted.
But if it's a SP and the there is no legal/registered business name.
If you are doing business as your self, without a "business" at all, say your friends call you up to do IT work for them you write your own name, because that's your DBA.

But if to your neighbor your business is called "Yaakov's IT" to your shver its "Yankel's IT" and to your goyish friend its "Jack's IT".
What do you write then?

ChaimMoskowitz · « **Reply #70 on:** March 27, 2018, 06:30:40 PM »

Quote from: davidrotts63 on March 27, 2018, 06:18:17 PM

Granted.
But if it's a SP and the there is no legal/registered business name.
If you are doing business as your self, without a "business" at all, say your friends call you up to do IT work for them you write your own name, because that's your DBA.

But if to your neighbor your business is called "Yaakov's IT" to your shver its "Yankel's IT" and to your goyish friend its "Jack's IT".
What do you write then?

This will help you. Also check with your state/local laws.
https://www.entrepreneur.com/article/77798

sky121 · « **Reply #71 on:** March 27, 2018, 06:36:35 PM »

Quote from: ChaimMoskowitz on March 27, 2018, 06:30:40 PM

This will help you. Also check with your state/local laws.
https://www.entrepreneur.com/article/77798

Still haven't figured out if it's a legal issue to not have registered my business name and if when applying I am better off using my own name as the business name.

Can anyone shed any light on this?

davidrotts63 · « **Reply #72 on:** March 27, 2018, 06:39:04 PM »

Quote from: sky121 on March 27, 2018, 06:36:35 PM

Still haven't figured out if it's a legal issue to not have registered my business name and if when applying I am better off using my own name as the business name.

Can anyone shed any light on this?

From an approval standpoint, you name is best.

sky121 · « **Reply #73 on:** March 27, 2018, 06:41:36 PM »

Quote from: davidrotts63 on March 27, 2018, 06:39:04 PM

From an approval standpoint, you name is best.

I'm asking from a legal standpoint.

Ygold · « **Reply #74 on:** March 27, 2018, 06:47:19 PM »

Quote from: davidrotts63 on March 27, 2018, 06:39:04 PM

From an approval standpoint, you name is best.

Why?

davidrotts63 · « **Reply #75 on:** March 27, 2018, 06:48:36 PM »

Quote from: Ygold on March 27, 2018, 06:47:19 PM

Why?

GIYF. There are many reports that suggest that. As we see more recently with Chase asking for proof of business unless you use your own name.

Moshe26 · « **Reply #76 on:** March 28, 2018, 01:10:10 AM »

I got my wife the CIP last year and downgraded a month ago to ink cash to avoid AF. She's still under 5/24. Can I get her this new ink cash offer if she already has one card open? And how about getting CIP? Does she need to wait another year to be eligible for the bonus?

mmgfarb · « **Reply #77 on:** March 28, 2018, 02:54:29 AM »

Quote from: Moshe26 on March 28, 2018, 01:10:10 AM

I got my wife the CIP last year and downgraded a month ago to ink cash to avoid AF. She's still under 5/24. Can I get her this new ink cash offer if she already has one card open? And how about getting CIP? Does she need to wait another year to be eligible for the bonus?

You can get either, no need to wait.

Mr. CC · « **Reply #78 on:** March 28, 2018, 01:36:25 PM »

Quote from: Moshe26 on March 28, 2018, 01:10:10 AM

I got my wife the CIP last year and downgraded a month ago to ink cash to avoid AF. She's still under 5/24. Can I get her this new ink cash offer if she already has one card open? And how about getting CIP? Does she need to wait another year to be eligible for the bonus?

chances are you won't get approved for the card that you now have open

Abey · « **Reply #79 on:** April 09, 2018, 09:43:17 PM »

Quote from: ChaimMoskowitz on March 27, 2018, 06:30:40 PM

This will help you. Also check with your state/local laws.
https://www.entrepreneur.com/article/77798

I actually went and read that, found this “In fact, no formal filing or event is required to form a sole proprietorship; it is a status that arises automatically from one's business activity.”