I am an LLC disregarded entity ( 1 member). I am going to provide independent contractual services to another company. The company does not accept sole proprietors however when I am filling out w9 form it states if the LLC is a disregarded entity then in the tax classification to choose individual/sole proprietors. Is this the correct options? I am wondering since I am an LLc even though I choose individual/Sole proprietor if the company will accept
I know this is late and you probably submitted the form, but the newest
version of the W9 does not have a place to put D (disregarded) when checking
the LLC box.
Secondly, you are only a sole proprietor for federal tax purposes. Your legal
entity is still a state-created LLC and hopefully the other business is fine
with that.
If you have not gotten an EIN (Federal Employer Identification Number), that may help you. It is much better, and looks more professional, than using a Social Security Number on a W-9. You do not have to have employees to get a number and the process is quick and easy.
Yes a one member LLC that chooses to be a disregarded entity is a sole proprietor for federal tax purposes, so you would be choosing the correct category on the W-9. If the company will accept you as a vendor is up to them.
kachi4u | Window Shopper | 5/25/2012 - 2:46 am
AbilityBooks | Performer | 4/11/2012 - 9:38 pm
version of the W9 does not have a place to put D (disregarded) when checking
the LLC box.
Secondly, you are only a sole proprietor for federal tax purposes. Your legal
entity is still a state-created LLC and hopefully the other business is fine
with that.
BizResearcher | Window Shopper | 3/6/2012 - 1:02 pm
rivescpa | Window Shopper | 3/1/2012 - 4:06 pm
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