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If you have control over an entity, that entity is your subsidiary. Control means that you make the strategic decisions of that subsidiary.

If you and another party(parties) share joint control over an entity, that entity is a joint venture of the parties that control it. "Joint control" is usually governed by a contractual arrangement and would mean that the unanimous consent of the parties controlling it is necessary to make strategic decisions.

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Q: What is difference between joint venture and subsidiary?
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