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When do sole proprietorships need a new EIN?

Cases where sole proprietorships need to file for a new EIN include:

  •  If they file for bankruptcy under Chapter 7 (liquidation) or Chapter 11 (reorganization)
  • If the business is incorporating
  • If a sole proprietor takes in partners and operates as a partnership, OR
  • If the business is in the process of establishing a pension, profit sharing, or a retirement plan. 

No new EIN is required if a sole proprietor changes the name of the business, the location is changed or a new one is added, or if there are operating in multiple businesses. 


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