Also known as daughter company, subsidiary undertaking, child company, subsidiary, subsidiary business
A subsidiary, subsidiary company, or daughter company is a company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by the same entity/group are considered to be sister companies of each
A subsidiary is a company that is owned or controlled by another, larger company called the parent company, which has legal and financial control over it. Unlike a branch or division of the parent company, a subsidiary is legally separate and must follow the laws of its own location while maintaining its own leadership.
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