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Multiple business names with the same tax ID
August 30, 2022
Q. I have been asked by my procurement team if a supplier (parent company) with one tax ID number, but with multiple businesses names (disregarded entities), can be set up/created in our accounting system for invoice payment.
Q1: In which circumstances it is possible?
Q2: If this is not possible, then please explain why not?
Q3: Are there a list of specific yes/no questions that I need to ask about the "parent company" before saying saying yes (on the supplier creation)?
Q4: Any other key…
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