I am a Owner/Operated of a LLC.. We have no employees. Do we 1099 my business partner and myself for disbursements we received form our company? If so, which 1099 form do we use?
I am a Owner/Operated of a LLC.. We have no employees. Do we 1099 my business partner and myself for disbursements we received form our company?========>>>>>>>> You can not issue a 1099 to yourself. You will need to file form 1065 ; Since it is a partnership, tax returns will be more complicated than a sole proprietorship would be.
If so, which 1099 form do we use?========>>>>>>>>>as mentioned above