Legally Sound | Smart Business

Nasir and Matt talk about the possibility of a law being changed to make franchisors liable for unfair labor practices. They also answer, "I am the sole managing member of a Delaware based LLC. Recently, I was engaged by a company to do consulting work. They requested that I fill out a Federal Form W-9. According to the instructions in the form, my single member LLC is considered a "disregarded entity" and the W-9 instructions instructed that I should use my social security number as the Taxpayer ID number instead of my FEIN. Does this mean that the payments will be considered direct to me and not through my business? Am I losing any of the "limited liability" benefits of the LLC this way?" Full Podcast Transcript NASIR: All right. Welcome to our podcast where we cover business in the news and answer some of your business legal questions that you, the listener, can send in to ask@legallysoundsmartbusiness.com. Welcome to the program and my name is Nasir Pasha. MATT: And I’m Matt Staub. NASIR: Matt Staub