The process of setting up a separate branch and the required materials for the separation of the bra

Mondo Finance Updated on 2024-02-27

Hello everyone, I am Classic Century Yang Qifa, if you need to handle business, please feel free to consult. The process of a branch office being divested and the head office set up separately usually involves a company split. In China, the Company Law clearly stipulates that a spun off company needs to follow specific legal procedures. Here are the steps and materials required for the detailed Hotspot Engine Plan and the solutions to some common problems: Branch Divestiture Process:

1.Formulate a division plan: The head office needs to formulate a detailed division plan, including the division plan of assets and liabilities to be stripped of, and the name, business scope, registered capital and other basic information of the new company.

2.Convening a meeting of the board of directors or shareholders: In accordance with the company's internal articles of association, a meeting of the board of directors or shareholders shall be convened to deliberate and approve the division plan.

3.Submit the separation plan for approval: submit the separation plan to the commerce department for approval.

4.Handle the industrial and commercial change registration: submit the division plan and other relevant documents to the industrial and commercial registration authority, and apply for the independent registration procedures of the branch.

5.Receive a new business license: After the branch is successfully spun off and established as a new company, a new business license will be obtained.

6.Announcement of the division: Announce the division on the designated ** and inform the creditors and other interested parties.

7.Liquidation: The head office liquidates the spun off branches, including debt repayment, asset transfer, etc.

List of required documents:

Separation schemes. Resolutions of the shareholders' meeting or the board of directors.

Approval documents from the Department of Commerce.

Articles of Association of the new company.

Proof of identity.

Application for industrial and commercial change registration.

New business license application form.

According to Article 14 of the Company Law, a company may establish a branch office and shall apply to the company registration authority for registration and obtain a business license.

The process of setting up a branch includes the formulation of the division plan, the deliberation and approval of the shareholders' meeting, and the approval of the commercial department

After the branch is separated from the head office, a new enterprise can be established without affecting the head office

The above steps and the list of materials should be subject to the specific requirements of the actual operation, and may need to be adjusted due to regional legal differences. During operation, it is advisable to consult with a local legal expert to ensure compliance.

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