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New Member
posted Jun 4, 2019 4:38:41 PM

I need to set up a business for sales of Android apps through the Google Play store. Has anyone done this through TurboTax?

The parts in particular I have questions about are:

  1. Should I use my name as name of business or the name I adopted? (It hasn’t been legally registered or trademarked though)
  2. Which business code to use? Using 541510 (Computer systems design & related services) for now.
  3. Which accounting method to use? I think it’s “cash method”, but can’t quite tell.
  4. Did I play an “active role”? I think so since I’m the only one in this “business”, but it’s unclear.

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1 Best answer
Intuit Alumni
Jun 4, 2019 4:38:42 PM

1. Most taxpayers who set up a new business come up with a new name and file with the IRS to get an EIN. This will give you some legal protection and is most recommended for new businesses. Click here to get started: https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-n...

2. Business code 541510 is correct

3. Cash accounting is the easiest and most popular choice. I recommend cash accounting

4. Yes, you play an active role in the business.


Good luck! 

2 Replies
Intuit Alumni
Jun 4, 2019 4:38:42 PM

1. Most taxpayers who set up a new business come up with a new name and file with the IRS to get an EIN. This will give you some legal protection and is most recommended for new businesses. Click here to get started: https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-n...

2. Business code 541510 is correct

3. Cash accounting is the easiest and most popular choice. I recommend cash accounting

4. Yes, you play an active role in the business.


Good luck! 

New Member
Jun 4, 2019 4:38:44 PM

Thanks. This was really helpful. One last question. If I don't file with an EIN now, but with my SSN, would that prohibit me from filing with an EIN and business name in the future or anything like that?