We have a new business that wants to open an account. The business is a US corporation but it is owned by Canadian individuals. All the paperwork is here for being able to conduct business in the states. My question is when I do the paperwork for the individual owners, do I need to make sure they sign a W-8BEN too?
Answer:
Not under IRS rules. Your relationship is with the business which should compete a W-8BEN-E.