I have this potential dilemma. I’m a sole proprietor but might be wanting to form an LLC in the future and possibly with a different name. I’m about to apply for my EIN as a SP to use on Form W9.
Should I include my DBA with my EIN application? Is it required to put your DBA/business name on your schedule C? My concern is the relationship between forms W9, 1099, and schedule C and the IRS being able to connect the latter two. I don’t want to be forced to send the IRS a letter updating my business name, but I would if I had to.
If I later form my LLC, is it an option to not change anything on my EIN and just leave the business name blank on the W9 so that my 1099s and Schedule C will both have my name only and no business name(if allowed)? Or would my sole proprietor DBA that’s attached to my EIN still confuse the IRS whether or not I put the LLC name on the Schedule C?
I hope my confusion around this is clear and I can get the best way to handle this situation.
