Question About EIN Number

Why was the new EIN necessary? I have an EIN now, but will be setting up the same structure...
Was previously sole proprietor....

 

Here is a good read on when a EIN is required and why, and the benefits of having one.

http://www.nolo.com/legal-encyclopedia/when-does-sole-proprietor-need-ein.html

 

Maybe I misread your post...??? I thought you wrote that you had to get a new one...?? K Thanks for the link

 

I did. I had one as a Sole Proprietor gig, but when I changed over to an LLC with an S Corp tax structure, I had to get a new EIN.

EIN is a social security number for business. As my business was set up previously, it had an EIN. But that business was "closed" and became a new entity as an LLC. Just like when a person dies their SSN goes away. When a new person is born, they get a unique SSN. Business is exactly the same way. The old business "died" and my LLC was "born". Hence it needed its own EIN.