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Sister companies are generally not liable for the debts of each other or the original company, as they are considered separate legal entities. However, if there is evidence of commingling of assets, fraud, or if they are part of a single economic enterprise, a court might pierce the corporate veil and hold them liable. It’s essential to evaluate the specific circumstances and legal structure involved. Always consult legal experts for advice tailored to particular situations.
What else can I help you with?
Wanting a application for loan for sister marriage?
I am requesting for loan from my company due to my marriage ceremony.
My sister saved her home through a loan repair company Are they the only ones that can save my home?
We are an attorney-assisted loan modification company and the guy from ACS is partly right. Most companies that charge fees are legitimate, but not all. So, be very careful when dealing with loan modification companies. Just because they charge fees doesn't mean that they are legitimate.There have been clients who have been victimized by companies that charges fee also. One particular client paid $7,000 only to find out that nothing was done and the supposed-to-be lawyer ran away with the money and cannot be located. He may not even be a real lawyer. (This is not funny!) People are having a hard time financially and these people are capitalizing on the sufferings of others.Research the company. Ask for proofs of actual cases that they have closed. Ask How long they have been in business, How many cases they have closed, How much they charge, etc...
What is the sister bank for Bank of America in London?
The sister bank for Bank of America in London is Merrill Lynch. Both institutions are part of the same parent company, Bank of America Corporation, and they collaborate closely in providing financial services, investment banking, and wealth management solutions.
Why is Sophie here?
Because she is your friend or sister which ever one if sister your parents decided to have her.
Is it legal in Georgia for a man to marry his widow's sister?
You can marry your sister in law in Georgia. The law only addresses marrying close relatives and your wife's sister would not fall into that category.
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
What is the other word of sister concern?
The term "sister concern" can also be referred to as "sister company." This phrase typically describes a company that is owned by the same parent company as another company, indicating a close business relationship. Sister companies often operate in related industries or markets.
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
