Do I Need an EIN number for my business If I am a Sole Proprietor?

An EIN number is an Employee Identification Number and is used by the IRS to identify employees and the company they work for. You will need to obtain an EIN number for any sole proprietorship that has employees. If the sole proprietor does not have any employee’s and does not have intentions to file a tax levy or a pension plan tax return, there is no need to obtain an EIN number.