Question on registering a Trade Name

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Question on registering a Trade Name

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Dutch

posts: 4

Jun 03, 2008 8:06 PM ET Quote Report Abuse

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I recently started a small home-based business as a sole proprietorship - an Art and Design business. I just received my Fed tax ID # and believe I need to file for a trade name (since the business name is not my name). On the Trade Name application, it references needing a personal property account #. I do not have one currently - is this something I need? I live in Maryland and realize that not all states will have the same regulations - however - is anyone familiar with the personal property account and under what circumstances you need to have one?

Thanks for your help,
Carl

outsourcehighway

posts: 3

Jun 03, 2008 8:45 PM ET Quote Report Abuse

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When you registered your business, the Maryland Department of Assessment and Taxation must have issued you a "department ID". It is a letter (most likely W or M) followed by numbers. I believe this is your personal property account number. Next year you will get a Personal Property Tax booklet and you will have to put that department ID on it. My business is also registered in MD.

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Dutch

posts: 4

Jun 04, 2008 8:45 AM ET Quote Report Abuse

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I have not registered my business with the state. I guess that is part of the question. I thought, from what I read, that I needed to file a Trade Name Application. So, I do not have a department ID. I am trying to get a response from the Department of Assessment and Taxation.

Carl

KevDev

posts: 96

Jun 06, 2008 1:15 PM ET Quote Report Abuse

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Carl:

Looks to me like you can find the basics of what you need to know here.

Good luck!

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Dutch

posts: 4

Jun 06, 2008 3:12 PM ET Quote Report Abuse

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KevDev,

Thanks for the link. That looks exactly like what I was looking for!

Carl

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