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    Small Business

    Question

    How to pay & report income for a "guy" without a business entity legally?
    We are a sole mbr LLC. We hired a roofing contractor to sub on a project. Now that we are being invoiced for the completed work, I find out that his insurance is only "applied for" (I know, we always try to get the COI up front, but didn't here) and he's just a guy, not a business entity of any kind. The way I understand it, if we are paying more than $600 to someone that does work for us, we need to have their TIN for reporting purposes and send them a 1099-MISC. My question is, if he just sends me a filled out W9 with his SS # in his name (not a DBA or anything) is that all I need? (well, besides the actual proof of insurance of course)
    a year ago 2 Answers

    Best Answer

    Yep, that's what you need. He should submit a W9 with his TIN. Then at the end of the year, you complete a 1099-Misc to report the amount you paid him.
    a few seconds ago

    Other Answers

    • The W9 with the SSN/TIN is all you need. Does not matter if it is an individual or business name. As long as you properly report payments you have complied legally.

      by Barkley - 3 hours ago

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