Yes, a sponsoring entity can edit sponsored entities and sponsored subsidiary branches.
For sponsored entities, the sponsoring entity can edit the legal name of the sponsored entity directly from the sponsored entities table on the manage sponsored entities page. However, if there is a need to update the jurisdiction or classification of a sponsored entity, the entity must be deleted and then added again with the updated information.
For sponsored subsidiary branches, the sponsoring entity can manage these branches by adding or deleting them via the manage sponsored entities link on the home page. This includes the ability to delete a sponsored subsidiary branch by selecting the branches link next to the sponsored entity record and then choosing the delete link next to the specific sponsored subsidiary branch record.
In summary, the sponsoring entity has the capability to edit the legal name of sponsored entities and manage the addition and deletion of sponsored subsidiary branches.
Sources:
§ 1.1471-5. Definitions applicable to section 1471.
Publication 5118 (07/2021)
