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Consulting after Retirement (fun with names)
Old 10-08-2015, 04:18 PM   #1
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Consulting after Retirement (fun with names)

As I circle the drain ever closer to FIREday at the end of the year I've had a couple of requests to consult during my afterlife. If I do so I guess I'll need to come up with a name for my (1-man) laser sciences consulting corporation. My current favorites:

LOGOS
(sounds all serious/philosophical, until I reveal it stands for Lazy Old Guy Optical Services)

or even better:

Principle of Least Action
(Physicists will think it means I'm a serious Quantum Mechanic, but friends will realize it refers to my work ethic)

I could come up with lots more, but I've probably killed all potential business already.
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Old 10-08-2015, 04:22 PM   #2
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If you are forming a Corp this doesn't apply, but if you are just consulting as a proprietorship, it's easier to just use your own name. Otherwise, you usually need to get a DBA and setup bank accounts using that, etc.
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Old 10-08-2015, 04:32 PM   #3
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I consulted for an old boss just as a sole proprietor using my own name. That's the easiest way to go. You can get an EIN from the IRS and set up an Individual 401k, but that was pretty simple.
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Old 10-08-2015, 06:01 PM   #4
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I did some optics consulting earlier this year and just did it under my own name as a sole proprietor. Forget the company names, just consult under your own name and it keeps the taxes simple.
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Old 10-08-2015, 06:32 PM   #5
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If you do choose a DBA, it is not a good idea to have a flippant name.

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Old 10-08-2015, 06:34 PM   #6
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Quote:
Originally Posted by stepford View Post
If I do so I guess I'll need to come up with a name for my (1-man) laser sciences consulting corporation. My current favorites:

LOGOS
(sounds all serious/philosophical, until I reveal it stands for Lazy Old Guy Optical Services)

or even better:

Principle of Least Action
(Physicists will think it means I'm a serious Quantum Mechanic, but friends will realize it refers to my work ethic)

I could come up with lots more, but I've probably killed all potential business already.
Diffraction Limited is taken.
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Current AA: 65% Equity Funds / 20% Bonds / 7% Stable Value /3% Cash / 5% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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Old 10-08-2015, 07:54 PM   #7
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forget the name... watch out for violation of employment contracts or using information/techniques from prior employment. Those previous "works for hire" might not be usable in consulting.
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Old 10-08-2015, 08:00 PM   #8
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OOPS

Optimal Optical Professional Services.


OCULAR

Optical Consulting Utilizing Ludicrously Ample Remuneration.


-ERD50
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Old 10-08-2015, 10:42 PM   #9
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Jesus found me when I retired. He suggested First Universal Church of Knowledge but it's ok to use the initials.
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