Common use of Sole Proprietor Clause in Contracts

Sole Proprietor. Enter your individual name as shown on your social security card on the “Legal Name” line. You may enter your business, trade, or federal income tax purposes unless it files Form 8832 and affirmatively elects to be treated as a corporation. Enter the name of the partnership or corporation. An LLC with only one member is treated as an entity disregarded as separate from its owner for income tax purposes (but as a separate Commonwealth of Virginia Substitute W-9 Form Instructions entity for purposes of employment tax and certain excise taxes), unless it files Form 8832 and affirmatively elects to be treated as a corporation. If you are a single-member LLC (including a foreign LLC with a domestic owner) that is disregarded as an entity separate from its owner, enter the owner’s name on the “Legal Name” line. Caution: A disregarded domestic entity that has a foreign owner must use the appropriate Form W-8. Entity Classification. Select the appropriate classification type. Contact Information. Enter your contact information. Enter your Legal Address. Enter your Remittance Address. A Remittance Address is the location in 6 - A dealer in securities or commodities required to register in the United States, the District of Columbia, or a possession of the United States 7 - A futures commission merchant registered with the Commodity Futures Trading Commission