I have some clients who started up a company last year. In the first few months, the owners paid some of the business bills (primarily rent) out of their personal bank accounts because they didn't have blank business account checks yet. We've documented all the expenditures and paid the owners back out of the business.
My question is: when a business bill is paid by someone other than the business, should a 1099 still be issued by the business to the vendor?
My question is: when a business bill is paid by someone other than the business, should a 1099 still be issued by the business to the vendor?