The temptation is very great for "Joe Schmoe" to cash a check made out to him rather than deposit it. Of course the income then usually goes unreported. With any other D/B/A company name the bank would not let you cash it.
This is true but has nothig to do with how your business us named. Even if you are "Joe Schmoe Electric" you can still have checks written out to "Joe Schmoe" and cash them. This is not a licensing issue it an ethics, integrity, and legal issue.
No offense to "Joe Schmoe" intended.
[This message has been edited by Electricmanscott (edited 02-11-2005).]