A subsidiary is a company owned or controlled by another company. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
Facts
Core MechanismA subsidiary operates as a company that is completely or partially owned or controlled by another company, the parent or holding company, which holds legal and financial control over it. Unlike a branch or division, a subsidiary remains a distinct legal entity from its parent, incorporated under and following the laws of its own jurisdiction, and it maintains its own executive leadership even while the parent directs its overall strategy. 1 Sources
1. Wikipedia, Subsidiary
Lead paragraph, first two sentencesQuote, Lead paragraph, first two sentences
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.
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