Advantages of establishing a branch in the construction industry: (1) Business establishment 1 In order to facilitate the operation of the branch, the requirements of the financial accounting system are relatively simple; 2, the establishment of the branch is relatively simple, and the cost is relatively low; 3. The head office can adjust the capital injection to the branches according to the operating conditions, and the operating risk is relatively small. (2) In terms of taxation 1, the profits delivered by the branch to the head office are usually not subject to withholding tax; 2, the transfer of capital between the branch and the head office, because it does not involve ownership changes, do not have to bear the tax. Disadvantages of establishing a branch in the construction industry: 1, establishing an independent accounting branch in other places requires many procedures, complicated establishment procedures and high start-up costs. 2. The requirements are relatively high, and the establishment of a branch company shall conform to the conditions and procedures stipulated in the Company Law and the Regulations on the Administration of Company Registration. Only companies authorized by the state can invest to set up wholly-owned subsidiaries (that is, wholly state-owned subsidiaries). Other companies can only set up holding subsidiaries in the form of limited liability companies or joint stock limited companies. 3. The operating risk of the company's initial establishment of subsidiaries is relatively large. 4. The branch company undertakes full tax payment obligations, and needs to pay income tax independently, and the tax level undertaken is relatively high. According to Article 46 of the Regulations of the People's Republic of China on the Administration of Company Registration, the registered items of the branch include: name, business place, responsible person and business scope. The name of the branch company shall conform to the relevant provisions of the state. The business scope of the branch shall not exceed the business scope of the company.