Checks payable to company

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Checks payable to company

photojack

4:19 pm on Nov 15, 2008 (gmt 0)

I'm planning on setting up a LLC, and I'm wondering if anyone happens to know if I can just change the AdSense payee information to the company name (everything else would stay the same...ss#, address, etc.) to have checks deposited to a business account.

I just would like to report the revenue as income for the LLC company.

OR, if I keep receiving checks under my own name and deposit them to my checking account, can this revenue be considered as income for the LLC company when I file tax return.

I also noticed AdSense website says that "individual publishers, or businesses with less than 20 employees, should sign up as an Individual account. "

Does anyone have experience on this...?

Thank you in advance!

farmboy

4:53 pm on Nov 15, 2008 (gmt 0)

Checks from AdSense were in my company name until they started direct deposit. Now the payments are deposited directly into my company checking account.

FarmBoy

herb

5:23 pm on Nov 15, 2008 (gmt 0)

Think that you would need to get a Federal TIN (Tax Id Number) for your LLC. You would provide that to Google rather then your Soc Sec number. Once you have it you should be able to have direct deposits made to your company checking account.

As a LLC or a Corp. you won't get a 1099 from Google and will be required to report your income based upon your company records.

IanCP

6:34 pm on Nov 15, 2008 (gmt 0)

Why not simply ask AdSense as to their required procedures?

Always go to the source...

LostOne

5:37 pm on Nov 16, 2008 (gmt 0)

"As a LLC or a Corp. you won't get a 1099 from Google"

So it's kind of like receiving payments for services or goods? I'm confused...perhaps Lost