You will need to get a new FEIN. They are free and this will be used on your tax filings, UCT6 and insurance policy. The previous FEIN applies to the exposure of the previous owner. In the purchase of the business I do not believe you want to assume their previous liabilities.Be sure and find a good insurance agent to assist you with your liability, contents, workers comp, etc. Get multiple quotes using admitted carriers.
Steve C
Nash Insurance