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The importance of obtaining a W-9 from private business owners for services or products, which determines if a 1099 should be issued. Strategies for reducing FICA while maximizing contributions to a 401K. Optimal ownership structure for tax purposes involving an LLC taxed as an S Corp. Considerations for reasonable salary levels and guaranteed payments from partnerships. Discussion on tax and legal questions in the Mainstream Business Podcast with Mark Kohler and Matt Sorensen.