Multiple business names with the same tax ID

August 30, 2022

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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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