Day 2: Choosing Your Industry and Entity Type
For the purposes of this setup, we are going to assume that our company, Real Estate Pros, LLC. is a real estate company that buys and rents property. I am going to choose RENTAL as my industry. Now, word of advice, don't fret too much over what type of business your company needs to be classified as. You can add and remove accounts as needed later on to better suit your company. And we will do this. 
Our next step is to choose what is the entity type of this company. Most businesses, if not all, will have already created a business type and received a tax id number from the IRS. If you have not done this, stop here. Please go the IRS website http://www.irs.gov/ and register for a tax id number for your business. It is much easier to do this now than later. Plus you have to know what type of business you are. :)
For this tutorial, we will show our company as a multi-partner LLC.
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