Subsidiary

A accessory company, subsidiary, or babe company1 is a aggregation that is absolutely or partly endemic and wholly controlled by addition aggregation that owns added than bisected of the subsidiary's stock.23 The accessory can be a company, corporation, or bound accountability company. In some cases it is a government or state-owned enterprise. The authoritative article is alleged its ancestor company, parent, or captivation company.4

An operating accessory is a business appellation frequently acclimated aural the United States railroad industry. In the case of a railroad, it refers to a aggregation that is a accessory but operates with its own identity, locomotives and rolling stock. In contrast, a non-operating accessory would abide on cardboard alone (i.e. stocks, bonds, online writing of incorporation) and would use the character and rolling banal of the ancestor company.

Subsidiaries are a accepted affection of business life, and all bunch corporations adapt their operations in this way5. Examples cover captivation companies such as Berkshire Hathaway as in this advertisement of its subsidiaries, Time Warner, or Citigroup; as able-bodied as added focused companies such as IBM, or Xerox Corporation. These, and others, adapt their businesses into civic and anatomic subsidiaries, oftentimes with assorted levels of subsidiaries.