Should I Freelance under my own name or setup a company name? (16 posts)

  • Hi Guys, 
     just wanted to ask i have a dilemma – Im a freelancer and have setup two platforms for my business on social media one advertising my name as a social media consultant and the other i have chosen a business name to advertise my social media consultancy . I just wondered which one would be best keeping your own name and growing the fanbase or go for the company name as most people tend to trust a company more than an individual especially if they are just starting out. Thanks in advance :)

  • Think down the road. Which “brand” do you want to be most recognizable/known? Are you building yourself or your company? @ravishukle

  • I am interested in this subject too as I am starting my own consultant practice. I am already known on LinkedIn and other social media by my own name. I also read an article that said it was a good idea to use your own name and have seen other successful business people do so. I would like to see what others have to say on this subject too.

  • @ravishukle

    I’m not sure I agree with your premise that people trust a company more than an individual. (Especially these days!)

    If you’re planning on building this to where you have employees, you might consider a business name, but no one ever decided not to hire Chris Brogan or Mari Smith because they were individuals.

  • @ravishukle Think long term. I started Conquer Publishing to publish my own novel. I’m working on my 2nd novel now. But eventually I plan to expand into publishing other authors. Long term, if you get big enough and have to expand and hire employees, you’ll have to start your own business anyway.

  • My favorite author Jeffrey Gitomer states that you should establish your own name rather than an alias. Establishing your own name as a brand differentiates you from others who may use only an alias.

    There seems a tendency to use generic alias names that get lost in the ever growing ever crowded market place. Gitomer suggests you use your name as your domain name on your website and then work your way from there.

    Using your own name helps establish your presence as a subject matter expert and an individual who can offer value to potential customers. Given the fact that social media has become the new cold call, its critical that you put yourself forward as an individual.

  • @ravishukle I also agree with the “Go with your name” school of thought. However, I agree with those you say you should think long term in order to make the proper decision. If you intend to build a company and sell it off in 5 years from now to turn a killer profit, then that’s that. But more realistically, building your own brand is a better option in the long term, whether you eventually decide to join in a company, create a new one or whatever. If you have established yourself as an expert in a specific field, that is equity you can leverage later down the road….

    Cheers,

  • @ravishukle I’m going to disagree with most people here, but only slightly
    My own company, Professional Blog Services, is fairly well-known in the industry, but not nearly as well-known as I am. I find that I often have to remind people in my community of my company’s name, but they know me on sight.
    The whole reason to have a incorporated company is to help with finances, taxes, and to deal with any legal issues that may arise, and help me protect my own personal interests (i.e. if someone sued the company, they can’t come after my house).
    So, I focus on promoting my own brand where it’s appropriate, focus on my company’s brand where it’s appropriate, and explain it to potential clients or friends when I need to.

  • I am a Virtual Assistant and often I have clients come to me and my Company as they have used “freelancers” who were there and then weren’t there.  Although many freelancers are in it for the long run and provide ethical and professional services, many come and go and it gives that term a negative reputation.  There are exceptions as mentioned above – the Mari Smith’s and Chris Brogan’s of the world – but those starting out have to brand themselves or their company.  in the Social Media Industry many have made their way by nich’ing themselves and branding their name with a tag, e.g. The Wordpress Chick, The Video Guy, The Social Media Maven, etc. which seems to have worked very well for them, even as they have grown, become known as an “expert in their field” and have had to expand to have a team.  I agree that you have to decide based on your future goals and growth.

  • I know you are debating the merits of using your own name versus using a company name, but consider this too: in some locations (here in Pennsylvania, for example), you save the cost of registering a DBA (doing business as) name if you include your surname in your company name. If you decide to go with a company name, introduce yourself as a real person on social media instead of being a nameless entity to would-be followers and fans.

  • I have been asking this question recently too, and I have concluded that it really doesn’t matter. What matters is that we are expert in our field, and which ever route we choose to take that we are consist in both delivery of product/service, and branding.

  • I have been asking this question recently too, and I have concluded that it really doesn’t matter. What matters is that we are expert in our field, and which ever route we choose to take that we are consist in both delivery of product/service, and branding.

  • @dcoville001 Some great points there. I have to agree that for the most part, it’s useful to have branding and a tag. 

    As for a company. @erikdeckers is on the money when he says forming a company is for tax reasons. Our company name is very brandable and it’s easy to understand what we do. Of course as the founder I still find it important that the site and services we provide have a personal touch and as such, will use my name quite often. 

  • My experience: I started Creation back in the late 70s. Company name at the time seemed to work, being a woman in the late 70s — world’s a little different today. Ran it as a sole proprietor for 10 years then incorporated under advice of my accountant at at time when I had three or four employees. Creation was not available so I went with GotwaldCreation — best of both worlds. Name has served under three or four reinventions as the field changed — writing  and publishing, graphic design, and now social media. I’m glad I have both but I can’t say that it was planned success. Hope that helps. You will know best.

  • I agree with using a company name. In my community my company name is associated with me. People who DEEP3R is. I intend to grow into an agency, and think in this instance, using a name is the way to go.

  • @ravishukle It is a complex question. I am on the fence myself between name and a company name. One question I have is: can you incorporate your name? As in Mari Smith LLC or Mari Smith Inc? The reason for incorporation is the legal protection of course :)


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