Just started a C Corporation, it is in the finance business working as a commercial loan consultant linking potential businesses with investors for various financing products. We will guide them through the application process. As payment, I would get paid certain points per approved loan trans actions. In order to get paid for this work, I need to fill out broker and consultant agreements.
Now, as part of the application, obviously I have to fill out my company information...I do have an EIN number , etc...... They lenders have provided me with a W-9 form. For me, since I formed the company, I will put everything under the companies name.....However, my partner has been trained as well and will work this part of the business as well.
So two questions:
When filling out the W-9 I know I will need to fill out corporate info.....However, my partner will be working with me and when she makes transactions
, they will go under the corp as well...So , do I just pay her from the money brought into the corp or does she need to do a separate W-9
When we close deals, they go to the corp and then I just pay her from those,,,,she would then claim separate taxes