- Membership
- Certification
- Events
- Community
- About
- Help
Understanding LLCs Classified as Partnerships on Form W-9
May 1, 2025
Q. When a vendor marks the LLC check box but then puts P as the classification, I would select them as an LLC instead of a Partnership, correct? This is just the notification of what kind of LLC that vendor is correct?
A.
(Answered by IOFM's third-party tax advisor)
Yes, you are correct. When "partnership" is selected (but not LLC), this means a partnership that is NOT an LLC. And then you have LLCs that mark a "P" showing that they are treated as a partnership.
115801
Become A Member
Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!
Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know.
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.
What are you waiting for?
