This has been a confusing subject for most, thanks to the complicated IRS rules.  Here is the simple explanation of what you as a property manager must do when you issue a 1099 to an LLC:

1. Always have a W-9 on file. Make sure it is signed and dated.

2. Have a copy of the operating agreement […]
   

Assignment of Income Doctrine

The “assignment of income” doctrine states that income is taxed to the one who earns it — a taxpayer cannot avoid tax by assigning his income to another party or entity. Gross income derived from property must be included in the income of the person who beneficially owns it. Assignment […]