Single-Member LLC merchants can now indicate whether they are taxed as a Disregarded Entity or not.

• New classification question during ThryvPay onboarding application
• Determines appropriate SSN vs EIN collection
• Ensures the correct taxpayer's name is tied to the account
• Reduces manual corrections from PayOps/Tax

Ensures SMLLC merchants receive their 1099 with the correct taxpayer's name and filing information, preventing IRS mismatches.