I was just about to write this. Yes, same issue. When setting up sole proprietorship, the company is a "disregarded entity" but it still has to be added to the paperwork. The way it's setup now, the form forces the writer to fill out the forms incorrectly. The w9 should read line 1: sole owner's name (only employee) line 2: business name/disregarded entity name. However, when the form is done correctly the process fails. It forces sole proprietorships to not be acknowledged as entities, only individuals. This doesn't work with US laws. Please fix immediately
I was just about to write this. Yes, same issue. When setting up sole proprietorship, the company is a "disregarded entity" but it still has to be added to the paperwork. The way it's setup now, the form forces the writer to fill out the forms incorrectly. The w9 should read line 1: sole owner's name (only employee) line 2: business name/disregarded entity name. However, when the form is done correctly the process fails. It forces sole proprietorships to not be acknowledged as entities, only individuals. This doesn't work with US laws. Please fix immediately