Needs Business Consultants And Professionals Who Have Answer To This:
If one wants to set up a corporation with different divisions(subsidiaries),
does he have to register the divisions as individual companies (LLC)?
For instance, he calls the corporation "eXels Technologies (GROUP)" with the following divisions: eXels Network, eXels Electronics, eXels Multimedia etc
He wants each of the divisions to be independent of the others.
Now, the question is:
- Does he have to register each division as a Limited Liability Company (ie eXels Networks Ltd, eXels Electronics Ltd etc)
- Or should he register the Group as say eXels Technolgies Ltd, and then register each division as a brand names.
Please let business consultants and professionals do justice to this.