Should I use a W-9 document when obtaining a new business client?
I run a small IT/computer maintenance and repair business. I am now attempting to gain business clients and I was wondering, do I need to fill out a W-9 form for my business clients' payments or do I just have them pay me as my residential clients do?
Get the working capital your business needs from Entrepreneur Lending, powered by CAN Capital. Learn More »The W9 form is for the protection of the business when they are paying a subcontractor for services. It enables them to 1099 that subcontractor if services are greater then $600 in a calendar year and the subcontractor is not incorporated.