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Business & farm
If the LLC is doing the work, the 1099 should be issued to the LLC’s name and EIN, not your name and Social Security number.
Have you already make the election for the LLC to be taxed as a corporation?
Are you SURE you want it to be taxed as a corporation? I highly recommend going to a tax professional before you make the decision. Corporations can be complicated and expensive. Many people do not realize what is involved with running a business that is taxed as a corporation, and end up spending more time and money than they save.
<a rel="nofollow" target="_blank" href="http://taxexperts.naea.org/">http://taxexperts.naea.org/</a>
Have you already make the election for the LLC to be taxed as a corporation?
Are you SURE you want it to be taxed as a corporation? I highly recommend going to a tax professional before you make the decision. Corporations can be complicated and expensive. Many people do not realize what is involved with running a business that is taxed as a corporation, and end up spending more time and money than they save.
<a rel="nofollow" target="_blank" href="http://taxexperts.naea.org/">http://taxexperts.naea.org/</a>
May 31, 2019
2:37 PM