Subsidiary

In business, a subsidiary is a company controlled by another, usually large?and often multinational?company or corporation. When control or ownership is not shared, it is termed a wholly owned subsidiary. Subsidiaries are separate, distinct legal entities for purposes of taxation and other forms of legal regulation. Large holding companies such as Berkshire Hathawayhttp://www.berkshirehathaway.com/subs/sublinks.html, Time Warner, or Citigroup usually organize all holdings into subsidiaries, sometimes with multiple levels of containment. Subsidiaries are distinct from divisions, which are entities fully integrated within, and not legally or otherwise distinct from, the main company.

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Business: Business refers to at least three closely related commercial topics. The first is a commercial, professional or industrial organization or enterprise, generally referred to as "a business." The second is commercial, professional, and industrial activity generally, as in "business continues to evol...

Company: A company in the broadest sense is an aggregation of people who stay together for a common purpose. Such usage includes people assembled...

Multinational: The word multinational can refer to:...