What is a similarity between a branch office and a subsidiary of a multinational corporation?

Question

Quizplus · Accepted Answer

Both a branch office and a subsidiary can be set up in a foreign country to conduct the parent company's business. However, a branch office is not a separate legal entity and has no limited liability shield, while a subsidiary is a separate legal entity with its own limited liability shield. Both may also have liability for their own torts, but this is not a similarity as one is wholly liable while the other has limited liability.

What Is a Similarity Between a Branch Office and a Subsidiary