New Build = New OS???

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Pdawg

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OK so here's basically what I need to know and all other details/comments are of course welcome. I'm about to build a second computer. I already have XP SP2 installed on my current rig but when I build my 2nd rig I want to put the current one in my living room and hook it up to my LCD tv through DVI out.

The important question I have is: Will I need to buy another OS disc/license in order to run 2 computers in my home with both connected to the internet? IF I can then how do I do so since my computer(ancient) came with XP installed. I have the key but I can't find the windows disk. There must be a program or two that can fix all my woes. Thanks in advance.
 
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