I just went to the IRS website to apply for an EIN, but I'm stumped as to the reason to choose for why I'm applying. This is for a sole proprietorship that has been operating under my SS number for 18 years, so it's not a new business and none of the other reasons apply.
Here are the options given on the application. Which one applies in my situation?
Why is the Sole Proprietor requesting an EIN?
Choose one reason that best describes why you are applying for an EIN.
Started a new business
Select this option if you are beginning a new business.
Hired employee(s)
Select this option if you already have a business and need to hire employees.
Banking purposes
Select this option if the reason for applying for the EIN is strictly to satisfy banking requirements or local law.
Changed type of organization
Select this option if you are changing the type of organization you currently operate, such as changing from a sole proprietor to a partnership, changing from a partnership to a corporation, etc.
Purchased active business
Select this option if you are purchasing a business that is already in operation.
