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Difference between single member LLC and sole proprietor
October 12, 2022
Q. I have gotten a few W-9 forms from new vendors whose entity is an Individual/sole proprietor or single-member LLC and the first line of the form is a company name but not an individual's name.
Is this possible and do you have a source to explain what the difference between those three entity types when it comes to their tax reporting?
Does a single-member LLC have to be a person's name or a company name or either?
A.
(Answered by IOFM's third-party tax experts)
The IRS explains the different…
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