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You will receive IRS Form 1099-MISC reflecting the amount of income paid to you during the calendar year by Amway, your sponsoring IBO, or your Platinum IBO. It will be your sole responsibility to account for such income on your individual income tax returns.
Here's how to go about it. Research the new name. Start by checking the U.S. Patent and Trademark Office. ... Notify your secretary of state. ... Change licenses and permits. ... Notify the IRS. ... Apply for a new EIN. ... Update your business documents. ... Communicate with your customers.
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