If they seller will accept payment by credit card, maybe they will accept payment by wire transfer,,, many foreign parties are used to that and that may resolve the issue
------------------------------
Howard Silverman
Enrolled Agent
silvermantaxconsult@gmail.com516-302-5455
------------------------------
Original Message:
Sent: 01-08-2025 11:22 AM
From: Mary Sherman
Subject: new company with foreign parent - prepaid credit card options and/or Cross Corporate Guarantee (CCG) template
Hello,
Happy New Year!
I have a client who is a newly established US subsidiary of an Italian parent company (not newly established). A crucial vendor has made it difficult for them to establish a relationship with the sub due to the brand-new aspect. The vendor wants either payment by credit card or possibly a Cross Corporate Guarantee (CCG) with the parent guaranteeing the sub.
-Is anyone aware of prepaid credit cards that would be available to them? Signing individual would be Italian.
-Does anyone have a CCG template they could share? They have received one from the vendor but wanted something to compare it to.
------------------------------
Mary Sherman
CPA
MARY SHERMAN, CPA
Hicksville NY
516-433-3734
------------------------------