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Supplier acquired by another company with a different tax ID
January 23, 2024
Q. We have a Supplier let's call them Brown Corp, TAX ID 91-2345678. Brown Corp. was acquired by Blue Inc., DBA: Brown Corp, with a different TAX ID 87-1234567. It is best practice to create a new supplier? Or because the materials we purchase from Brown Corp. are the same inventory items, should we update the Tax ID?
A.
(Answered by Debra Richardson, a third-party Vendor Master File Advisor (https://www.debrarrichardson.com). We sent the question to Debra since this was primarily about best…
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