A branch of a company refers to a branch established by the company. The company is the first general organization to set up various institutions. The branch is under the jurisdiction of the company, and the relationship between the company and the branch is jurisdiction and jurisdiction.
A company's subsidiary refers to a company invested by and dominated by the company. The subsidiary has a whole set of company organizations. A company that holds shares in a subsidiary and is in a controlling position becomes a parent company. There are two forms for a parent company to set up a subsidiary. One is to invest in a new company, and the other is to control the existing public incentives by buying shares.
The branch company does not have the legal person qualification in law, that is, it does not have the corporate legal person qualification, and the civil liability arising therefrom shall be borne by the company. Although the subsidiary is controlled by the parent company, it is an independent company, with the qualification of enterprise legal person, independent civil liability and independent existence, and goes through various procedures for the establishment of the company according to law.
Question 2: What is a subsidiary? What is a branch? A subsidiary refers to a company in which the same company has an equity in another company, and the equity can be 100%, but at least not less than 50%; A branch means that more than 50% of the shares of overseas companies and companies in the United States are held by the same person or institution as a third party.
A subsidiary refers to a company whose shares are owned by another company or actually controlled by another company through an agreement. A subsidiary has the status of a legal person and can bear civil liability independently, which is an important difference between a subsidiary and a branch.
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.
Question 3: What's the difference between a branch and a subsidiary? Subsidiaries and branches are important organizational forms of modern large companies. Why does a company arrange some subsidiaries as subsidiaries and others as constituent companies? Which is the best choice for a company to set up branches, subsidiaries or branches? Before answering these questions, let's take a look at the characteristics of branches and subsidiaries: (1) branch 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. The characteristics of the branch are as follows: ① The branch does not have its own independent property, and the property actually occupied and used is part of the property of the head office and listed in the balance sheet of the head office. (2) The branch does not bear civil liability independently. (3) A branch is not a company, and its establishment does not need to follow the company establishment procedures, as long as it can be established through simple registration and industrial and commercial procedures. (4) The branch does not have its own articles of association, and there is no corporate decision-making and business executive body in the form of board of directors. (5) The name of the branch, as long as the words "branch" are added behind the name of the head office. (2) Subsidiary is a legal concept corresponding to parent company. A parent company refers to a company that owns more than a certain proportion of shares in another company or can actually control another company through an agreement. A subsidiary refers to a company whose shares are owned by another company or actually controlled by another company through an agreement. A subsidiary has the status of a legal person and can bear civil liability independently, which is an important difference between a subsidiary and a branch. 1. The subsidiary is actually controlled by the parent company. The so-called actual control means that the parent company has the actual decision-making power over all major matters of the subsidiary, especially the composition of the board of directors of the subsidiary. The parent company may appoint multiple directors of the board of directors by exercising its power without the consent of others. Although some trust institutions own a large number of shares in the company, they do not participate in the actual control of the company's affairs, so they do not belong to the parent company. 2. The control relationship between parent company and subsidiary company is based on the ownership of equity or control agreement. According to the majority voting principle of the shareholders' meeting, the more shares you own, the more you can get the decision-making power on the company's affairs. Therefore, if a company owns more than 50% of the shares of another company, it is bound to be able to control the company. But in fact, due to the dispersion of shares, as long as you own more than a certain proportion of shares, you can obtain the majority voting rights at the shareholders' meeting and obtain the controlling position. In addition to share control, the relationship between parent company and subsidiary company can also be formed by concluding some special contracts or agreements to make one company under the control of another company. 3. The parent company and subsidiaries are independent legal persons. Although the subsidiary is under the actual control of the parent company, many aspects should be managed by the parent company, and some of them are even similar to the branches of the parent company, legally speaking, the subsidiary is still an independent company with legal person status. Have its own company name and articles of association, and conduct business activities in its own name. Its property and the property of the parent company are independent of each other and each has its own balance sheet. In terms of property liability, subsidiaries and parent companies also bear their own property liabilities to the extent of all their property, and there is no correlation between them. A company that controls other companies by holding more than a certain percentage of their shares is also called a holding company. Parent company and holding company are two common concepts. A subsidiary can also become a holding company by controlling a certain proportion of shares of other companies, and the controlled company becomes Sun Company. The parent company has become a huge company group by controlling many subsidiaries and Sun companies. As long as the parent company uses less capital, it can use the capital of its subsidiaries to acquire other companies, forming a pyramid-shaped company group model. (3) Different from the provisions of the Company Law, a company may set up branches without the qualification of an enterprise legal person ... >>
Question 4: What do you mean by subsidiaries and affiliated companies? Hello, classmate, I'm glad to answer your question!
The word you said belongs to the vocabulary of futures industry. Mastering the vocabulary of futures industry can make you feel at home in the study of futures industry. The translation and meaning of this word are as follows: an enterprise with 50% or more voting shares held by another company.
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Question 5: What do you mean by direct investment in subsidiaries? The so-called direct investment subsidiary is a direct investment subsidiary of a specialized securities company. Setting up a direct investment subsidiary is a way for securities firms to enter the field of industrial investment.
At present, some domestic securities firms often find unlisted companies with investment growth potential in their investment banking business. However, because it is not allowed to invest with its own funds, it is necessary to find affiliated institutions to invest, or simply set up management companies in the name of individuals to invest in these companies with great potential.
There are two main modes for brokers to carry out direct investment business. One is to set up relevant institutions within brokers to raise funds in the form of special financial planning; The other is that securities companies set up investment companies or industrial investment fund management companies separately.
In the direct investment business model, in order to effectively isolate risks and win the trust of investors, most foreign brokers set up independent subsidiaries. There are also successful examples of establishing relevant institutions and operation divisions within investment banks. For example, the commercial banking department of Goldman Sachs is responsible for direct investment in global enterprises, and the sources of funds are Goldman Sachs' own capital, Goldman Sachs employee capital and external financing. There are also successful precedents for China securities firms to set up subsidiaries to carry out direct investment business. For example, CDH Investment Fund Management Company, which was separated from CICC, joined forces with overseas private equity investment funds such as Morgan Stanley, Lianying and Goldman Sachs, and invested in companies including Mengniu, Li Ning, Fu Nan, Yongle Home Appliances, Focus Media and Shuanghui, and became the leader among local direct investment companies.
Brokers invest in the equity of non-public offering companies through direct investment, and the investment income is realized through the sale of equity when enterprises go public or merge in the future. At present, the regulatory authorities have limited the direct investment business scope of domestic securities companies to Pre-IPO, that is, investing in companies to be listed, and initially set the rule that the investment period should not exceed three years. At present, brokers can only use their own funds for direct investment business, and the upper limit of their own funds is 15% of the net capital of securities companies. The direct investment business of securities firms is an important innovative business to change the single profit model of securities firms.
According to the data of China Securities Industry Development Report (20 13) issued by China Securities Industry Association, by the end of 20 12, about 45 securities companies had registered and established direct investment subsidiaries. The total scale of direct investment companies and managed direct investment funds is 38.5366 billion yuan, and the income is 65.438+0.98223 billion yuan. Among them, CITIC Securities, Guosen Securities and Guangfa Securities ranked in the top three, far ahead. The number of projects successfully withdrawn (or listed) exceeds 10, and there are dozens of reserve projects. Among them, Jinshi Investment Management Fund, a wholly-owned subsidiary of CITIC Securities, which was established in June 2007, has a scale of 5.2 billion yuan, while Guo Xin Hongsheng and Guangfa Shunde have a scale of 65.438 billion yuan and 2 billion yuan respectively.
Question 6: Baike. Baidu/view/115701,what subsidiary is it?
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Question 7: What is a full-time subsidiary? First of all, understand what a head office is and what a subsidiary is.
The head office refers to a company that is in a leading position at the administrative level and has at least one subsidiary.
A subsidiary refers to a new company established by the parent company, which has a subordinate relationship with the parent company, but has no legal joint relationship.
For example, it is against the law for a company to set up a subsidiary. The subsidiary will not punish the parent company, but it will provide profits to the parent company in proportion.
A wholly-owned subsidiary of a company means that the parent company contributes 100% to set up a subsidiary, and all the profits of the subsidiary belong to the parent company, but it does not bear legal responsibility.
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Question 8: What are the meanings of subsidiaries and affiliated companies? subsidiary
A subsidiary refers to a company whose shares are controlled by another company or actually controlled and dominated by another company according to an agreement. A subsidiary has the status of an independent legal person, owns all its own property, has its own company name, articles of association and board of directors, conducts business activities and various civil activities in its own name, and independently bears all consequences and responsibilities brought about by the company's actions. However, major decisions or major personnel arrangements involving the interests of the company still have to be decided by the parent company.
affiliated company
A subsidiary refers to an enterprise controlled by another enterprise (called the parent company), which is generally controlled or associated by the contracting party. In the service contract, other companies owned or controlled by another company of one contracting party may also be listed as subsidiaries.
Question 9: What do you mean by an independent legal person subsidiary of a company? To put it bluntly, it is to open another company in the name of one company, and the second company is a subsidiary of the first one. Galaxy Securities Prince Sword
Question 10: Does a subordinate company refer to a subsidiary? What about the company? What's the difference between the three? Subordinate companies include subsidiaries, branches and affiliated companies. Its subsidiaries can be two organizations with parallel brands and different businesses, with equal status and no subordinate relationship, but they belong to the same group.