How to File a W-9 for an LLC

By Salvatore Jackson

One of the major advantages of a limited liability company is that an LLC has pass-through taxation. Unlike a corporation, whose profits are taxed both as an entity and on the tax returns of corporation owners, an LLC is disregarded as an entity for the purposes of federal taxation. The profits of an LLC are only taxed once: on the tax returns of LLC members. In assessing the tax owed by LLC members, the LLC will likely need to file IRS Form 1099. Any independent contractors utilized by the LLC must fill out IRS Form W-9. The information provided on the W-9 is then used by an LLC to fill out Form 1099.

Step 1

Download a W-9 form from the IRS website. The IRS provides a copy of all tax forms on its website.

Step 2

Fill out the personal information section. The independent contractor must provide his name and the name of the LLC. The independent contractor must also provide his address.

Ready to start your LLC? Start an LLC Online Now

Step 3

Indicate whether the LLC is being taxed as a sole proprietorship, partnership or corporation. The independent contractor must indicate the tax status of the LLC. If the independent contractor is unsure of the tax status of the LLC, she should check with an LLC member to provide this information.

Step 4

Provide the Social Security Number of the independent contractor if the LLC is a single-member LLC being disregarded for federal taxation purposes. Provide the Employer Identification Number of the LLC if the LLC has more than one member or is being taxed as a corporation.

Step 5

Have the independent contractor sign and return the completed W-9 to the LLC. Neither the independent contractor nor the LLC directly files the W-9 with the IRS. Instead, the information contained on the W-9 is used by the LLC to fill out IRS Form 1099.

Ready to start your LLC? Start an LLC Online Now
How to Get a Copy of My SS-4 for My Corporation



Related articles

LLC Pass Through Taxation

Corporate entities are frequently subject to double taxation, which means that money earned is taxed at two different times. LLCs are often attractive business structures for small business owners because LLCs may elect a pass through taxation. Though the cornerstone of an LLC is its limited personal liability for the managers or members, the availability of pass through taxation is one of the LLC's biggest advantages.

S-Corporation Tax Write Offs for Losses

An S corporation is a small corporation that meets certain criteria and has made an election with the IRS to be treated as a disregarded entity for tax purposes. Instead of paying taxes at the corporate level, the S corp's losses and profits are passed through to shareholders, who pay the taxes. This has various tax advantages for owners, whether the company has a profitable tax year or shows a loss on its corporate tax return.

What Is the Difference Between Filing As a Partnership or a Corporation?

An important part of running any business is settling its federal tax responsibilities. The choice of business organization significantly influences how the business is taxed and how much it may have to pay. A corporation is an entity in which the owners are generally not personally liable for the business’s obligations. A partnership is a collection of individuals that come together, in which some of the partners are personally liable for the business’s obligations. As a result, these entities are taxed differently and have different IRS filing requirements.

LLCs, Corporations, Patents, Attorney Help LLCs

Related articles

How to Get a Tax ID for an LLC Company

It can be highly advantageous to organize your small business as a limited liability company, or LLC. An LLC is a ...

What's an LLC?

An LLC, or limited liability company, is a flexible form of business entity that provides its owners with the safeguard ...

How to Fill Out a W-9 for an LLC Disregarded Company

The Internal Revenue Service treats a single-member Limited Liability Company as a disregarded entity for federal ...

How to Find a Company's EIN

An Employer Identification Number for a business entity is analogous to a Social Security number for an individual. The ...

Browse by category
Ready to Begin? GET STARTED