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first thing that you can do with your EIN is set up a business bank account so after your entity has been formed youamp;#39;re going to need to create a new Ein for that new business entity so I have clients in the past that were operating a sole proprietorships or theyamp;#39;re doing something separately with another business entity and they wanted to use that EIN with their new LLC you canamp;#39;t do that if you form a new LLC a new Corporation any new business entity then you have to set up a new Ein specifically for that business entity then youamp;#39;re going to take that eim youamp;#39;re going to take your certificate of formation and youamp;#39;re going to go to your bank and youamp;#39;re going to set up your business bank account and thatamp;#39;s how you properly and legitimately do that and itamp;#39;s very important because that business bank account needs to be tied to your business records and your business transactions so thatamp;#39;s how you do it the pro