Frequently Used Forms for Business Owners
If you are hiring an individual or business that will work as a subcontractor or in a freelance capacity they need to complete Form W-9. This information is used to issue 1099s at year end.
You should also ask the contractor if they have worker’s compensation and/or liability insurance and obtain their certificate. This will be vital information for your annual insurance audit to reduce your costs.
If you are purchasing materials for resale, you are entitled to an exemption from sales tax. The vender will require a Resale Certificate – for New Jersey Form ST-3 and for New York Form ST-120.