How to Complete Form W-9 2018 if You're LLC?

A Limited Liability Company is an entity created by state statute. Such an organization may be a corporation, a partnership or a part of owner’s tax return. The last one is called a disregarded entity. LLC may consist even of two members, but the Internal Revenue Service classifies it as a partnership for federal income tax purposes. So it has to use social security number (SSN) for reporting income taxes. For this reason, as an owner of LLC, you have to provide your SSN or EIN. Here you can find a form W-9 2018 printable to complete.

What Is A W-9 Form?

First of all, there is some information it’s advisable to know. W-9 form is an IRS document, that should be completed by all independent contractors and freelancers. If you fall into any of these categories, your client will probably give you such a blank to complete. The full name of this document is the Request for Taxpayer Identification Number and Certification. IRS requires filling out this template in order to collect the key information about your gross income. Your clients might use the form W-9 to determine your name, business name, address, and TIN to submit 1099-MISC.

Tips To Fill W9 Blank

Look through a number of fillable samples online. Find an appropriate one and fill it out right on the website. It takes only a few minutes to insert the required data into the fields. The W-9 form begins with the state where you need to choose one of the following options:

1. Individual or sole proprietor;
2. C Corporation;
3. S Corporation;
4. Partnership;
5. Trust or estate;
6. Limited liability company;
7. Other.

Choose one, that is appropriate to you.

In case you are an owner of a separate entity, such as a partnership, C-corporation or S-corporation, insert the title of your LLC and your own federal employer identification number.

If another organization owns your LLC, check then the limited liability company box. After that, determine the tax classification of the parent organization. If a single member is the only owner of your company, then specify the tax classification of the holder. In case, a holder is a single person, IRS requires to include his or her name in the “name” field and then the title of the LLC on the “business name” field. Don’t forget to specify your owner’s Social Security Number.

Once, the template is completed, you may download the final document or instantly print it to send by mail or to keep it for your records.