Quote Originally Posted by Daycare123 View Post
Treeholm-I don't understand this ridiculousness! If we aren't licensed I just don't get it. This woman didn't say anything about how cheques were written etc. My parents write cheques and I cash them through a business account with my business name-a name I registered with the government of Ontario. I am an ECE...but nobody said anything about that to me.
Cause that insurance agent is misinformed of the rules .... I am the same as you an RECE here in Ontario and I have a registered business name and so forth for advertizing purposes and my tax receipts have both my business name, my BIN as well as my own legal name and contact info .... if I wanted to open up a business account and get paid by that name I could however I choose to have my clients write cheques in my name and use my personal bank account cause I am CHEAP and do not want to pay for a business account but I COULD if I wanted to and it is none of my 'insurance companies' business cause well it is out of the scope of their jurisdiction

About HALF of my family are self employed people and they are do it the same way .... honestly my hairdresser even operates out of her home too, she has a home based business ryder on her home not a 'commercial' and she too has a business name and a BN to collect HST and so forth but I still make cheques out to her PERSONAL NAME rather than a business because she chooses not to use a business account for banking to save on the extra ridiculous services charges ... the banking options are interchangeable depending on what works for your business ... since we have no employees or accounts payable and receivable accounts like some business have and so forth to worry about it is just easier if desired to save some money with a personal chequing account!