The name of the subsidiary may be completely different from that of the parent company.
The follow is a branch of that branching concept.
Branch is a concept corresponding to the head office or company.
The businesses of many large enterprises are distributed all over the country and even in many countries, and the branches or subsidiaries established by the company directly engage in these businesses. These branches or subsidiaries are called branches. The company itself is called the head office or company.
Although the relationship between the branch and the head office is somewhat similar to that between the subsidiary and the parent company.
However, the legal status of a branch company is completely different from that of a subsidiary company, and it has no independent legal status.
A branch is a branch or subsidiary directly engaged in business activities of the head office.
Although a branch has the word company, it is not a real company. Because the branch does not have the qualification of an enterprise legal person, does not have an independent legal status, and does not bear civil liability independently.
Extended data
major feature
1, the branch is established by the affiliated company according to law;
2. The branch does not have its own independent property, the economic accounting is unified with the affiliated company, and the liabilities in the business activities are paid off by the affiliated company. The property it actually occupies and uses is part of the property of the head office and listed in the balance sheet of the head office.
3. A branch is not a company, so it can be established without following the company's establishment procedures, as long as it performs simple registration and industrial and commercial procedures.
4. Branches do not bear civil liability independently, have no articles of association of their own, and have no corporate decision-making and business executive body in the form of board of directors;
There is no independent name for the branch, just add the word "branch" to the name of the head office.
References:
Baidu encyclopedia-branch