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Business structures besides corporations — general partnerships, limited partnerships, limited liability companies and sole proprietorships — require Form 1099 issuance and reporting but only for amounts exceeding $600; anyone else is 1099 exempt. Can you issue a partnership partner a 1099? In a Partnership, you would not issue a 1099-MISCRead More →

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Any corporation can be a partner in a general partnership, including an S corporation. While a general partnership is not a legal entity, it is a formal business relationship between at least two people. … Organizing as a corporation allows a general partner protection from personal liability. Can a partnershipRead More →