it's a little more complicated. 1099-NEC would be issued to individuals but payments to non-individuals, when required, are reported on 1099-MISC.
to avoid possible penalties, you should obtain form w-9 from everyone or company you hire and certainly before you make the first payment. you are not required to confirm the accuracy of the w-9 info.
https://www.irs.gov/pub/irs-pdf/fw9.pdf
Some payments do not have to be reported on
Form 1099-MISC, although they may be taxable to the
recipient. Payments for which a Form 1099-MISC is not
required include all of the following. (
• Generally, payments to a corporation (including a limited
liability company (LLC) that is treated as a C or S
corporation).
• Payments for merchandise, telegrams, telephone, freight,
storage, and similar items.
since other types of payments may need to be reported see the instructions for 1099-MISC and 1099-NEC.
https://www.irs.gov/pub/irs-pdf/i1099msc.pdf
