So you send 1099s to LLC's, sole proprietors, partnerships - just not Inc's.More info at this other thread:http://www.biggerpockets.com/forums/52/topics/56123-landlord-s-will-need-to-prepare-1-99s

I'm consulting with my CPA next week, and had a meeting with a financial advisor today.My current situation (sole proprietor with no w2 employees) qualifies for me to start a self directed solo 401k.

Either a 1099 if you are an independent contractor, W-2 from a corporation you own, or schedule C self employment income if your are a sole proprietor or have a pass-through LLC.  

@Candace EllisonAlso don't forget when working with an independent contractor (who is not incorporated, just a sole proprietor) you will likely need to get their tax info to issue them an 1099 depending on the cost of the project.  

If she is a sole proprietor, that would mean issuing a w-2 to you for some kind of services to her business.  

A sole proprietor (no entity) business qualifies just the same.

@James Leake ask your real estate attorney how difficult it is to pierce the corporate veil of the average single proprietor LLC.

If you are sole-proprietor or single member LLC it would be based on your net self-employment earnings.

I heard Chase is hard to get approval for credit if LLC is new, I have been doing rentals as a sole proprietor for 3 years, I would think it would help on the approval process. what you guys think?

HI. I'm trying to decide on how the cost & profits should be split between partners after I have already invested so much in the first year +  I am the creater & operator of my natural hair braiding and dreadl...