@@doctorjones7595 W9 = 1099 contractor. For tax purposes a 1099 contractor is viewed the same exact was as any other business entity meaning the 1099 contractor should behave as such. Meaning they should have its own set of bookkeeping, file a Sch C business tax return, have an EIN (recommended), have its own business bank account, etc Taking it one step further… a 1099 contractor can open an LLC for all Income and expenses to go into and elect S Corp all while being “not the traditional business” in the sense on no employees, etc
Love this topic of discussion, showing real life success being built from the ground up!! The goal is definitely becoming the standard. Great job to the guest speaker!
