There is a holding company and the subsidiary company. The subsidiary comp already has a corp bank account, but the corp account for holding is taking too long.
We have signed SAFEs and we want to receive money ASAP.
Can we give investors a wiring info for our subsidiary account for now ? Or will that create too many problems down the line ?
That said, If it was me, I would err on the side of caution. General rule of thumb is if the legal agreement is between the holding company and investors, the monetary transactions should be between those also, as each company is usually a separate legal entity.
This is not legal advice, and I'm not a lawyer.
Your banker because it might not be any faster to send the money elsewhere.
Your accountant because there might be tax implications or regulatory hurdles.
And the investors of course. Because this might not have been what they were thinking you were going to do.
Or maybe it is just worth waiting.
Waiting is the simplest thing that might work.