I just received my notary kit. I don’t know where to begin on creating my business and looking for clients to have somewhat of a steady income. Also how would save for the taxes of whatever income i do receive. Thanks in advance.
I live in Central MA. Massachusetts
Have you done a notary search by zip code to see how any notaries you are competing with in your area?
The market is quite saturated. Join the major signing services. Do a good job on those profiles. Perhaps others have better advice.
i did somewhat of a local search seems like there isn’t too many in Worcester. Mostly the notary’s i saw are in surrounding towns or states. Any suggestions on signing serves company’s?
If you google you’ll get “TOP TEN”.
Snapdocs
amrock
JOT (which is First American)
Mortgage Connect
google area title companies. sign up on the websites that allow you to.
There are a lot of services but I’m on the other side of the country and not at all sure which are best in MA. Good luck. It’s a rough time to consider mobile signing a full time job that pays all the bills.
@Bjovel90 The business entity that provided you with your “notary kit” would be the best place to start to garner data to assist you in launching your entrepreneurial business.
Also, this thread will give you insights regarding professional signing agent [PSA] saturation (which is at an all-time high):
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I’m certain you’ll have MANY additional questions that will pop up! Arm yourself with the immediately available information found within the Notary Cafe database on multiple topics.
This information is a GOLDMINE!
Most members express that they find it difficult/NEARLY IMPOSSIBLE to locate the Search Function in order to access the wealth of information available within the database.
To be helpful, I’ve inserted an image for you & others [see below] to help members locate it to unlock the wisdom & knowledge of other members on the forums.
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AN IMPORTANT NOTE:
Accessing the database to locate information about potential clients has saved many of us an inordinate amount of time ‘chasing’ payments for Services professionally provided to potential non-payers . . .
thank you. yeah I’m just planning on expanding my family so id like to be able to contribute financially.
BJ
@Bjovel90 I just re-read your OP - you asked about starting your business. First I would be sure to get an EIN from irs.gov - takes 5 minutes. Never give your personal SS number to any hiring agency.
I note one of the replies points you to signing services and title companies…if this is your objective, please note MA is an attorney state and your work in this area may be limited.
Perhaps your target audience should be lawyers, hospitals, nursing/assisted living facilities, rehab facilities, schools, etc. When I started out here in FL I went to local convenience stores and tacked a few business cards to their public bulletin boards (which was fruitful).
You might try a google page, FB page, other social media - just a thought. Further, make sure you have profiles on the major listing sites like NC and Notary Rotary (and any other free listings site out there) - a full, complete profile that will convince them they should call you and not the others. This is your best first foot forward.
As for taxes, I would suggest you consult with an CPA or an attorney to find out the best avenue for you. Also, find out what licenses you need in MA, if any, to establish a notary business.
Best of luck to you
All good suggestions above. I would add try SCORE. It’s an organization affiliated with SBA and has mentors to assist with every facet of setting up a business – from formulating a business plan to strategies to achieve your goals.
Betsy, know the rules for your state! Especially if you are talking about doing REAL ESTATE LOAN SIGNINGS as in independent contractor in Massachusetts! Massachusetts G.L. 222(e) prohibits a Notary who is not a Massachusetts attorney from conducting a real estate closing. However, a non-attorney Notary who is employed by a lender may notarize a document in conjunction with the closing of the employer’s real estate loans.
https://www.mass.gov/info-details/massachusetts-law-about-notaries-public