is there a way to profit from another company without having a business registration number?

like when the company pays me for consulting purposes...do they have to register any of my information in their books?

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    Lv 4
    1 decade ago
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    If you and the client company are located in the United States, your client will require either your social security number or Employer Identification Number (EIN) if they pay you $600 or more for services.

    The amount they pay you will be documented on Form 1099-MISC. This is the way my clients document how much they pay me when I speak at their events, and it's also the form I receive from my publisher for book advances and royalty payments sent to me.

    More information about Form 1099-MISC and why companies send it to you are found in the link below from the Internal Revenue Service.

    Shirley George Frazier

    Author and Small Business Expert

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