Can I switch my Split Pay account to a business entity (LLC, S-corp, etc.) for tax purposes?

Yes. Right now landlord accounts are set up as individuals by default — switching to a business entity is a quick manual update on our side.

Fill out this short form with your business's legal name, EIN, and any other entity details. Once you submit, our team updates your profile and notifies Evolve. Future tax documents (like your 1099-K) will be issued to the business. Takes a few business days to process.

A couple of things worth knowing:

  • This is just for tax forms. If you also want payouts to land in a business bank account, that's a separate update — see the FAQ on How do I update my bank account for Split Pay payouts?.

  • ID verification still uses your personal ID. Even when your account is tied to a business, anything that requires verifying who you are uses your personal identity, not the business's. Only tax reporting uses the business entity.

For tax advice on whether to file as an individual or a business, talk to a tax pro — we can't help with that part.