Today is February 2nd 2010 and is you are a business required to file 1099's and you have not sent them out. You are late.
Get them done quickly and out the door.
During the year be sure to collect W-9s and W-8s so you do not have to withhold taxes and make the 1099 process much easier. Also make a rule that you do not pay without a W-9 (Domestic US) or W-8 (Foreign) in hand.
Spell the name on the form exactly right. (I once had a form rejected due to the capitalization of the Company MunGo!