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Setting up a vendor that is a sole proprietor or single member LLC
March 14, 2022
Q. When we receive a W-9 with the person's name, business name, SSN and TIN, how should we report if they are indicating Individual/Sole Proprietor or single member LLC?
A.
(Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting.)
If you receive an individual personal name on Line 1 of Form W-9 and in Line 3 the box checked is…
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