Msg#: 3786824 posted 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. "
Msg#: 3786824 posted 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.