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How do we set up subsidiaries and locations based on acquisitions?
In NetSuite, how can we handle acquisitions where each acquired company initially retains its own EIN (and therefore needs to be set up as a separate subsidiary), but once the EIN is dropped, the company should no longer be treated as a subsidiary and instead be tracked as a location under the parent subsidiary?
Can we accommodate the following approach in NetSuite for this case?
- Set up separate subsidiaries while each acquired company retains its EIN.
- Once the EIN is dropped, mark the subsidiary inactive and continue operations using a location under the parent subsidiary.
Any inputs or suggestions would be greatly appreciated.
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