Step 1: Type in your company name Your name is requested on the first line of the W9 form. Enter the legal name of your company if you are completing the form on behalf of your LLC. When you founded your LLC, you registered this name with your state. Do not enter the name of your company if it has a different name that you use for branding or marketing.
You are prompted to select your business type on the second line of the W9 form. LLCs have a choice of four business structures: C corporation, S corporation, partnership. If you have more than one owner and have not chosen to be taxed as a corporation, select “sole proprietorship” or “partnership” instead. Otherwise, depending on how your LLC is taxed, select “C corporation” or “S corporation.”
Step 3: Type in either your TIN or EIN You must provide your TIN or Employer Identification Number (EIN) on the third line of the W9 form. You can use your Social Security number as an alternative if you are a single-member LLC and have not yet requested an EIN. However, you must obtain an EIN from the IRS if you have employees or are subject to corporate taxation. On the IRS website, you can submit an online EIN application. Verify Your Information in Step Four
In the final section of the W9 form, you must attest that the data you gave is accurate and that backup withholding does not apply to you. You do not have to be concerned with backup withholding if you are a citizen or resident alien of the US. Return the completed form to the person or company who requested it after signing and dating it.
If your LLC is treated as a disregarded entity (i.e., a sole proprietorship), you must include Schedule C on your personal tax return in order to record your business’ income and costs. You must submit Form 1065, the partnership tax return, to the IRS if your LLC is taxed similarly to a partnership. The Indiana Department of Revenue will also need you to submit Form IT-65, the Indiana partnership tax return.
You must submit Articles of Organization to the Indiana Secretary of State in order to create an LLC there. Online or mail-in filing is an option. There is a $95 filing fee. If you have employees or are taxed as a corporation after forming your LLC, you must acquire an EIN from the IRS.
Who is eligible to serve as an Indiana registered agent? A registered agent is a person or company chosen to accept legal paperwork on your LLC’s behalf. A person of Indiana or a company with a valid business license may serve as the registered agent in Indiana. If you have a physical address in Indiana where you may receive legal documents during regular business hours, you can also act as your own registered agent.
You must accept legal correspondence on behalf of your LLC as the registered agent. This implies that you will be the first person to learn about any lawsuits or legal notices filed against your LLC. Throughout work hours, you must be accessible to receive these documents and deliver them to the proper member of your LLC. If you don’t, your LLC can miss significant deadlines or run afoul of the law. As a result, picking a trustworthy and accountable registered agent is crucial.