Dear all, I would like to present the following case for your consideration:
One of our consultants also operates another company, and a portion of the payments we make to this consultant are directed to their company's account. As a proactive measure, we are planning to formalize an agreement with the consultant's company. The question at hand is whether having two agreements in place could potentially lead to issues during audits. The two agreement mentioned here is one with him & other with the company. Specifically, we want to ensure that having separate agreements will not cause any complications or overlap concerns.
Your insights on this matter would be greatly appreciated.
From India, Kochi
10One of our consultants also operates another company, and a portion of the payments we make to this consultant are directed to their company's account. As a proactive measure, we are planning to formalize an agreement with the consultant's company. The question at hand is whether having two agreements in place could potentially lead to issues during audits. The two agreement mentioned here is one with him & other with the company. Specifically, we want to ensure that having separate agreements will not cause any complications or overlap concerns.
Your insights on this matter would be greatly appreciated.
From India, Kochi
Hi,
Question is not clear.
1) Whether the Consultant is executing the work as a Freelancer Consultant independently or the Company represented by that Consultant is executing the work for your Company?
2) "a portion of the payments we make to this consultant is directed to their company's account" whether your company make the payment to both Consultant and Company ?
If the services rendered by both Consultant and Company are same better make one single agreement in the name of the Company. Agreement between XYZ_____ represented by that Consultant and your Company's Authorized signatory
From India, Madras
Question is not clear.
1) Whether the Consultant is executing the work as a Freelancer Consultant independently or the Company represented by that Consultant is executing the work for your Company?
2) "a portion of the payments we make to this consultant is directed to their company's account" whether your company make the payment to both Consultant and Company ?
If the services rendered by both Consultant and Company are same better make one single agreement in the name of the Company. Agreement between XYZ_____ represented by that Consultant and your Company's Authorized signatory
From India, Madras
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