Do branches need to be audited?

The establishment of a branch company does not require registration, the branch company does not need registered capital, and it does not have a specific legal person qualification, and its head office shall bear legal responsibility.

The branch company does not have the qualification of enterprise legal person, and its civil liability shall be borne by the head office. Although there is the word company, it is not a real company and has no articles of association. The company name can only add the word "branch" after the name of the head office.

As a legal person, a limited liability company or a joint stock limited company shall, according to the needs of production and business activities, adopt the management mode of setting up branches within the company according to business classification and geographical scope, and carry out a reasonable division of labor. ?

Extended data:

This branch has no independent legal personality and no registered capital.

A branch in the legal sense is only a branch established by the head office, not an independent legal person, and all the creditor's rights and debts of the branch are borne by the head office.

The funds for maintaining the daily operation of the branch are directly transferred to the bank account of the branch by the head office. A branch with independent accounting can pay taxes, recruit employees and provide social security for employees at the place where the branch is registered.

Although there is no requirement for registered capital, branches must go through formal registration procedures, including branch business license, organization code certificate, tax registration certificate, etc.

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