👉 Succursal, in Italian, is a type of business structure that allows for the formation of a limited liability company (LLC) with a single shareholder. It is similar to a sole proprietorship or partnership but has the advantage of being taxed as a corporation rather than an individual. In a succursale, each shareholder holds shares in the company, which are not owned by any one person, and they share profits equally.
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What is the definition of Succursal? 🙋
👉 Succursal is a term used in finance and banking to describe a bank that operates as a branch of its parent company. It's often seen as an extension of the bank, offering additional services or facilities not available to the parent company itself. In this context, a "sucursal" refers to a branch where a bank has its main headquarters located and operates under its own management. This means that the bank's operations are distinct from those of its parent company, allowing for more personalized service and
