Can I transfer my 1099 income to my LLC for business credit purposes?

[tim0teh1]

So I work under a company as a 100% commission 1099 employee. About 3 months ago I opened my LLC for liability. However I haven’t used my business bank account yet since it’s almost the end of the year and I didn’t wanna deal with any extra hassle especially because I elected S-Corp status for 2023. Regardless, based on the question in the title, is there any way to show my 1099 income as revenue through my EIN/business bank? I’m asking this SPECIFICALLY for business credit score reasons/cash flow. 

[Anonymous_ · Accepted solution]

Where do you want to show the income? On your tax return?

Regardless, if you have an EIN for your LLC, you could request the issuer (company) to issue a corrected 1099 in the name of the LLC and with the LLC's EIN.

[tim0teh1]

That sounds exactly like what I need, so I’d contact my payroll which uses ADP, to correct it to my EIN? Will this be verifiable business cash flow then? For example, receiving a business credit card, loan, etc. I’ve typically seen requirements of linking your business bank to verify whatever requirements they have. @Anonymous_ 

[Anonymous_]

Yes, you need to contact the issuer to get a corrected statement (1099).

Frankly, I have no idea how potential creditors would perceive this.