There are eight classifications of businesses within Dun & Bradstreet’s corporate hierarchy structure.
Single Location Subsidiary: A single location subsidiary has a parent company that owns more than 50% of its capital stock, however, it does not have branches or subsidiaries reporting to it. This is not the same as a standalone business, which is titled “single location” and is not part of a corporate family.
Global Ultimate Business Name*: The Global Ultimate is the top most responsible entity within the corporate family tree.
Domestic Ultimate Business Name*: The Domestic Ultimate is a subsidiary within the global family tree that is the highest-ranking member within a specific country.
Headquarters: A headquarters is a family member that has branches or divisions reporting to it and is financially responsible for those branches or divisions. If a headquarters is more than 50% owned by another corporation, it is also a subsidiary. If it owns more than 50% of another corporation, then it is also a parent.
Branch: A branch is a secondary location of its headquarters. It has no legal responsibility for its debts, even though bills may be paid from the branch location.
Parent Company Business Name: A parent is a corporation that owns more than 50% of another corporation. A parent can also be a headquarters if it owns branches.
Subsidiary: A subsidiary is a corporation that is more than 50% owned by another corporation and has a different legal business name than its parent company. There are also single location subsidiaries where the subsidiary does not have anything reporting to it.
Division: A division, like a branch, is a secondary location of a business. However, a division carries out specific business operations related to the headquarters under a divisional name. Divisions look similar to branches in Dun & Bradstreet’s products and carry a branch code.
Did you find this article helpful?