What is branch firm and allied firm?

A branch firm refers to a subsidiary or a division of a larger company that operates in a different location but is not a separate legal entity; it shares the main company's resources and management. An allied firm, on the other hand, is a separate, independent company that has a cooperative relationship with another firm, often sharing clients, resources, or expertise while maintaining its own legal identity. Both types of firms can enhance business reach and operational efficiency through collaboration or shared branding.