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Video instructions and help with filling out and completing Where Form 1065 Schedule M 3 Supporting

Instructions and Help about Where Form 1065 Schedule M 3 Supporting

Hey everybody, this is Geneva. Oh, Geneva's here again and I decided to do this quick video. It's not gonna be that long at all. The reason why I'm doing this video on how to register your business as a sole proprietor, LLC, S Corp, or C Corp is because I just received an email from a lady. She said that her husband and his friend are about to start a business and she wanted to know if they should register as a partnership or as an LLC. Now, I figured that it would be best for her to register the business as an LLC. But first, she wanted to know how do you go about registering the business. So, I said that I will show you, for the ones who have a business idea and you want to know how to register a business. Does it cost money? Is it a lot? Is it difficult? Do you need to go somewhere and do this? Can you do it online? Well, this is how you do it. First of all, you go to irs.gov, and then you go to apply for an EIN number. This is where you get your EIN number, which is like a social security number for your business. So, when you're on this website, irs.gov, you come over here and click "apply for an EIN number", then once you do that, you come down here and click "apply online". Now, this is the actual beginning process. It's letting you know that your session will end in 15 minutes and you must complete this application in one session. Then, you come down here and click "begin application". This is where you're able to put the legal structure of your business. If you want it to be a...