Branch office
Query URLs
https://term.museum-digital.de/md-de/tag/132181
- Note
- A branch office is an outlet of a company or, more generally, an organization that – unlike a subsidiary – does not constitute a separate legal entity, while being physically separated from the organization´s main office. Branching is particularly widespread in banking and other financial institutions, where the products´ complexity requires local offices to act more like an agency than as a separate company. A branch structure exposes the owning company to full taxability and legal liability in regard to the branch office´s operations.
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