Finance, Forex and Investments

EIN Question? (Hurry)?

im starting a fashion line and im on the IRS website to apply for my EIN and it asked what type of organization am I. and i don't know the one im suppose to choose please help!!!!!! Additional Types Please choose the type of organization. Choose the type you are applying for. You can click the underlined terms for a description. Bankruptcy Estate (Individual) Block/Tenant Association Church Church-Controlled Organization Community or Volunteer Group Employer/Fiscal Agent (under IRC Sec 3504) Employer Plan (401K, Money Purchase Plan, etc.) Farmers' Cooperative Government, Federal/Military Government, Indian Tribal Governments Government, State/Local Homeowners/Condo Association Household Employer IRA Memorial or Scholarship Fund National Guard Plan Administrator Political Organization PTA/PTO or School Organization REMIC Social or Savings Club Sports Teams (community) Withholding Agent Other Non-Profit/Tax-Exempt Organizations here's the link https://sa2.www4.irs.gov/modiein/individual/additional-types.jsp

Public Comments

1. You selected the wrong option on the first screen. It can be a bit confusing for a layman but unless you formed a corporation or limited liability company for your fashion designing business you are most likely a sole proprietorship so go back to the first screen and do as follows: 1. Select "Sole Proprietor"; 2. Select "Sole Proprietor" on the next page as well; 3. Note the warning that a sole proprietor can only have one EIN regardless of the number of businesses he or she owns and move on to the next screen; 4. Select "Started a new business" on the next screen; 5. On the next screen fill out your full legal name in the spaces provided and your social security number and select "I am the sole proprietor" at the bottom of the screen; 6. On the next screen fill out all of your contact information in the fields provided; 7. Fill in the trade name (the name of your business) on the next screen. Fill in the start month and year of your business which can probably be March, 2011; 8. Answer "no" for all of the questions on the following screen; 9. Select "Other" on the next screen for what the business does; 10. Select "Other" again on the next screen and type in "Fashion Design" ; 11. Select "Receive letter online" on the next screen; 12. Review your information on the next screen to make sure it is correct then click the "Submit" button; 13. Write your EIN number down and then click on the icon to get your EIN confirmation letter as a pdf file and save it onto your computer. You may need to present this to certain organizations like a bank to open up a business account. Good luck with your new business