GenevieveRose
09-29-2020
01:19 PM
Thread Options
- Subscribe to RSS Feed
- Mark Thread as New
- Mark Thread as Read
- Float this Thread for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
General Partnership Account with only one owner listed
We have a general partnership but our Square account only allows for one partner to be listed on the account for tax purposes. Is there a way to add a partner to the account so they get a 1099 for taxes? If not, do they need to create their own account linked with our information? Or can our CPA figure out how to divide the profit/loss to each partner since we are equal shareholders? Help!
Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report
1 REPLY 1
ashc
09-30-2020
06:46 AM
Thread Options
- Subscribe to RSS Feed
- Mark Thread as New
- Mark Thread as Read
- Float this Thread for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Hey @GenevieveRose,
There can only be one account holder per Square account.
The 1099K forms are sent to the Dashboard which you can share access with the other partner but there's not a way to make them a second account holder on the account.
Ashley C
Community Moderator, Square
Sign in and click Mark as Best Answer if my reply answers your question.
Community Moderator, Square
Sign in and click Mark as Best Answer if my reply answers your question.
Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report