As part of the application process, you are required to complete the appropriate tax form based on your business’s tax classification and location.
W-9 Form for US-based entities
US-based entities are required to complete an IRS Form W-9. The form is pre-populated based on your entity information and signed electronically within the application.
W-9 Form requirements:
Legal entity name must match your application exactly and must not include a DBA or trade name (included separately if applicable).
Federal tax classification must match your entity type (e.g., C Corporation, S Corporation, or LLC).
Your Taxpayer Identification Number (TIN) must be your EIN; sole proprietors without an EIN should use their SSN.
Signature and date are required.
Single-member LLCs
If your LLC has not elected to be taxed as a corporation, the IRS treats is as a disregarded entity.
W-8 Form for non US-based entities
If you are not a US person for tax purposes, the application will prompt you for a W‑8 form.
Form W‑8BEN – for non‑US individuals
Certificate of Foreign Status of Beneficial Owner for US Tax Withholding and Reporting (Individuals)
Form W‑8BEN‑E – for non‑US entities
Certificate of Status of Beneficial Owner for US Tax Withholding and Reporting (Entities)