Basic Accounting Knowledge: Branch Company
Branch company refers to the company's jurisdiction over the business, capital, personnel and so on, and does not have the legal person qualification. branch Organization. A branch belongs to a branch and is not legally and economically independent. It is only a subsidiary organ of the head office. The branch does not have its own name, articles of association, and does not have its own property, and is liable for the debts of the branch company in terms of its assets.
A branch is a branch under the jurisdiction of a general company. It refers to the establishment of a company outside its domicile.
Own
An institution engaged in activities in the name of.
A branch company does not have an enterprise legal person qualification, and its civil liability shall be borne by the head office.
Although there is a company word, it is not a real company, without its own articles of association.
Note: Although the branch does not have an independent legal status, it can be regarded as a party in civil proceedings and has the litigation qualification in accordance with the forty-ninth articles of the civil procedure law and the fortieth civil litigation opinions.
A branch is a relative company, a limited liability company or a Limited by Share Ltd as a legal person.
according to
In the light of the needs of production and operation activities, the management method of branch offices should be adopted within the company according to the classification and geographical scope of business operations, and a reasonable division of labor should be carried out.
In accordance with the provisions of the company law, a branch established by a limited liability company or Limited by Share Ltd does not have an enterprise legal person qualification, and its civil liability shall be borne by the head office.
The main features of the branch are:
1, the branch company is established by the affiliated company in accordance with the law.
2, the branch does not have its own independent property, and the subordinate company has unified accounting in the economy. Its liabilities in the business activities are paid by the affiliated company.
3, the branch does not bear civil liability independently, does not have its own constitution, and has no board of directors and other forms of company management decisions and business execution organs.
4, the branch does not have an independent name. Its name can be divided into subsidiary companies and subsidiary companies if the name of the branch is added to the name of the company.
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- National Youth Campus Fashion Design Competition Starts
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