The name of the subsidiary may be completely different from that of the parent company.
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
The difference between a branch and a subsidiary
1, established in different ways.
A subsidiary is generally established by two or more shareholders, including the company, in accordance with the provisions of the company law. Registration shall comply with the provisions of the Company Law on the conditions for establishment and the mode of capital contribution, and obtain the Business License of Enterprise as a Legal Person from the industrial and commercial department. The name of a subsidiary is usually a limited liability company or a joint stock limited company.
When a company establishes a branch, the head office usually applies for a business license from the local industrial and commercial authorities outside its domicile, and the names of the branches are XXX.
2. Different legal status
A subsidiary has the status of a legal person, has an independent name, articles of association and organization, engages in business activities in its own name, can independently carry out various business activities and engage in various civil activities within its own business scope, and independently bear all consequences and responsibilities brought about by the company's actions. However, major decisions or major personnel arrangements involving the interests of the company must still be decided by the parent company.
Refer to Baidu Encyclopedia-Branch