Science Fair Project Encyclopedia
Subsidiary
A subsidiary is a corporation controlled by another. When that control or ownership is not shared, it is termed a wholly-owned subsidiary. Subsidiaries are distinct legal entities for purposes of taxation and other forms of regulation. A large holding company such as Berkshire Hathaway will usually organize all of their holdings into subsidiaries, sometimes with multiple levels of containment ([1]).
See also
03-10-2013 05:06:04
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The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details