i paid lawyer to setup llc. do i need to issue 1099
If you paid the service provider less than $600 during the year, youâre not required to issue a 1099. Royalty payments-If you paid $10 or more in royalties to an LLC on intellectual property such as trademarks, copyrights or patents, you must report those payments.enerally, your business does not have to file a 1099 form for payments to corporations, but it may need to file 1099 forms for payments to individuals, partnerships and limited liability companies. There are several types of 1099 forms: