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This video tutorial explains how to complete Form W-8BEN for individuals receiving payments. It begins by congratulating viewers on their upcoming payment but emphasizes the necessity of submitting the form to the company before the funds are released. The video clarifies that Form W-8BEN is required only for individuals. If the payee is a foreign corporation or any other entity, they should use Form W-8NE instead, which is addressed in another video linked above. The example provided is about "Fred Smith," who owns a single-member LLC in the U.S. If Fred is getting paid to his LLC, he is required to fill out Form W-8BEN.