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Q: Will sister companies be liable for the debts of original company?
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What is mean by sister concern company?

When two companies are run by the same top management or person, they are called as sister companies


How do you create a sister company?

A sister company generally means a company that has the same corporate parent as another. For example, if Corporation A and Corporation B are both subsidiaries of Corporation XYZ, Corporation A and Corporation B are sister companies. I have occasionally seen two companies which are owned by the same individual referred to as sister companies since they have the same ownership (just like in the parent-sub example) but that usage is less common. In that case, there is no "parent" company. If you have only one company and want a sister company in the classic sense, you need to first set up a holding company to own the shares of the first company and then set up a new subsidiary under the holding company.


How do you create a company?

A sister company generally means a company that has the same corporate parent as another. For example, if Corporation A and Corporation B are both subsidiaries of Corporation XYZ, Corporation A and Corporation B are sister companies. I have occasionally seen two companies which are owned by the same individual referred to as sister companies since they have the same ownership (just like in the parent-sub example) but that usage is less common. In that case, there is no "parent" company. If you have only one company and want a sister company in the classic sense, you need to first set up a holding company to own the shares of the first company and then set up a new subsidiary under the holding company.


What is the definition of sister concern?

If two companies are owned or controlled by the same entity or person, they are sister companies.


Is Phillips TV a sister company to Magnavox?

Philips, Philco and Magnavox are all part of the same company, which are served in the United States by NAP, or North American Philips. Therefore, they may be considered to be "sister companies."


Do employees get paid for sister-in-law's funeral?

Most decent companies will give an employee time off for a sister-in-law's funeral. Ask your boss if the company covers this policy.


What is sister company and mother company?

A sister company is a company with the same owner while a mother company is the owner


Another word for sister concern?

Subsidiary, subsidiary company, daughter company are another words for sister concern. Sister concern is also called as sister company. A sister concern is a company fully or partly owned by another company and has more than 50 percent of stakes in it holding all the control on activities and policies.


What are the sister concern companies of TC'S?

wireless


Does a sister company carries the liability of a mother company?

NO


What are the release dates for Sister Sister - 1994 Two's Company 5-10?

Sister Sister - 1994 Two's Company 5-10 was released on: USA: 19 November 1997


What is primelox liasa supper load?

PRIMELOX is a Heavy Haul Company in USA, LIASA is a sister logistcs company in Mexico. Both companies recently mover across Mexico and USA a couple of Super Heavy Loads to VA and ME.