Hi! I am a TurboTax Live CPA. If you are electing to be taxed as a partnership you won't need to file a 1099-NEC for any partners that completed work on a contractual basis. However, if you elect to be taxed as an S-Corp you would need to file 1099's/W-2's since there is an associated self-employment tax that you would need to pay on services rendered to the entity.
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