Subsidiary

A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and partly or wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a government or state-owned enterprise. The controlling entity is called its parent company, parent, or holding company.

An operating subsidiary is a business term constantly used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity, locomotives and rolling stock. In contrast, a non-operating subsidiary would exist on paper only (i.e. stocks, bonds, articles of incorporation) and would use the identity and rolling stock of the parent company.

Subsidiaries are a common feature of business life, and all multinational corporations organize their operations in this way. Examples include holding companies such as Berkshire Hathaway as in this listing of its subsidiaries, Time Warner, or Citigroup; as well as more focused companies such as IBM, or Xerox Corporation. These, and others, organize their businesses into national and functional subsidiaries, oftentimes with multiple levels of subsidiaries.

Read more about SubsidiaryDetails, Control, Business Models Which Feature Elements Similar To Subsidiaries

Other articles related to "subsidiary":

Subsidiary Title
... A subsidiary title is an hereditary title held by a royal or a noble but which is not regularly used to identify that person ... while all of his other titles would be subsidiary titles ... may use his parent's most senior subsidiary title as a courtesy title, provided that it causes no confusion ...
Società Aerea Mediterranea
... cargo and passenger airline based in Rome, Italy, which operated between 1928 and 1939 as subsidiary of Ala Littoria and between 1959 and 1981 as subsidiary of Alitalia ... It was relaunched on 3 December 1959 as an non-IATA Alitalia subsidiary to operate IT flights, together with local cargo and secondary domestic passenger services on behalf of ...
List Of Railway Stations In Essex - Rail Operators
... The main operator in the county is Greater Anglia, a subsidiary of Abellio ... The other major operator in Essex is c2c, a subsidiary of National Express, who operate services from London's Fenchurch Street to Southend-on-Sea ... The Arriva subsidiary CrossCountry operate long distance services from the West Midlands to Stansted Airport ...
Myriad Genetics - History - Subsidiary
... Myriad Genetic Laboratories, Inc ... a wholly owned subsidiary of Myriad Genetics, Inc ...
Cozen O'Connor - Recent Developments - Formation of Government Relations Subsidiary
... In September 2009, the firm launched the subsidiary, Cozen O'Connor Public Strategies ... The subsidiary operates out of the firm's Washington, D.C ...