Although both forms are called information returns, they fulfill different functions.

Employers use Form W-2,
Wage and tax declaration for:

1. Report wages, tips, and other compensation paid to an employee.
2. Report wage and withholding information to the employee and the Social Security Administration. The Administration of
   Social Security shares the information with the Internal Revenue Service (IRS).

Companies use Form 1099-MISC,
Miscellaneous income for:

1. Report payments made in the course of a trade or business to a person other than an employee or to an unincorporated business.
2. Report payments of $10 or more in gross royalties or $600 or more in rentals or compensation. Report payment information to the IRS and the person or company you received
   pay.

Bookkeeping is the recording of financial transactions and is part of the accounting process in business.

1. Test (Trial Balance)
2. Cash Register/Cash Disbursements
3. Payroll Records (Payroll).

If your LLC was administratively dissolved by the North Carolina Secretary of State, Corporation Division (SOS), and you want to reinstate it, file Form L-08. (Application for Restitution Following Administrative Dissolution of the Limited Liability Company) and pay the $100 application fee to the NCSOS agency.