Affiliates are non associated independent dealers.
Subsidiary is a divisional company owned by the parent company
Cross-border trade between multinational companies and their affiliates
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.
Since the Internet had no information on this, I asked a lawyer, who by his own admittance said he wasn't positive, but believed that: a wholly owned indirect subsidiary is a wholly owned subsidiary (Company 3) that itself is owned by a wholly owned subsidiary (Company 2) of another company (Company 1). Such that Company 3 is a "wholly owned indirect subsidiary" of Company 1.
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The difference between a subsidiary and a division is how they operate. A subsidiary is a separate business owned by the main parent company. A division is a portion of the main business.
Advantage of subsidiary
R656578
No difference, can be the same size.
a branch is part of the same legal entity. A subsidiary is a distinct legal entity, within a larger company structure.
BMW USA is a wholly-owned subsidiary of BMW.
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Subsidiary and franchise each have several different meanings. In business, a subsidiary is a company that is totally under the control of another company. A franchise is a business that is operated with legal permission to sell or distribute a particular company's goods or services.
A division is a part of a company (group, etc); a subsidiary is a separate but owned property (a different company, etc).
In the UK, in a very short answer, a subsidiary undertaking would include entities other than companies. It's an accounting term essentially, used to ensure all subs of a parent company (and not just the companies) are caught in its consolidated accounts.
SWISS ARMY watches are made by Victorinox Swiss Army AG a subsidiary of Victorinox AG. SWISS MILITARY watches are made by or for Wenger SA another subsidiary of Victorinox AG.
The MODEL will often be a Number that specifies what product of the creator it is and the MAKE is the Company or subsidiary that made it. -glad to help, Nick-