subsidiary meaning, definition, what is subsidiary: a company that is owned or controlled by...: Learn more.
Etymologists say that the term ‘subsidiary’ comes from the Latinsubsidiariusmeaning ‘reserved, of a reserve, belonging to a reserve; supplement, or serving to assist.’ Subsidiariuscame fromSubsidium,meaning ‘a help, troops in reserve, aid.’ As a noun with its modern meaning in the ...
Parent companies establish or purchase a subsidiary to obtain specific assets or synergies, secure tax benefits, and limit potential losses. They do not require shareholder approval to establish a subsidiary or sell it. The financial statements of a subsidiary are reported on the consolidated financial...
AbbVie Subsidiaryhas the meaning set forth in theSeparation and Distribution Agreement. Sample 1Sample 2Sample 3 AbbVie Subsidiarymeans anyBusiness Entitythat is a Subsidiary (or branch or representative office thereof) of AbbVieprior toor after the ...
Subsidiary has the meaning ascribed thereto in the Companies Ordinance, and “subsidiaries” shall be construed accordingly; Sample 1AI Clause Builder Based on 1 documents Copy Subsidiary means, as to any Person, any corporation or other entity of which: Sample 1AI Clause Builder Based on 1 docu...
Tax Residency– If a subsidiary is managed and controlled within the UK, it qualifies as a tax resident in the country, meaning the subsidiary is subject to UK tax laws and may be eligible for various local tax benefits like deductions, DTAs, incentives, or exemptions. ...
A consolidated subsidiary is included in the consolidated financial statements of the parent company while an unconsolidated subsidiary is not. The reasons for this will vary, such as the percentage of ownership, similarity of business operations to the parent, and amount of control. ...
In challenging situations, such as bankruptcy, the bankrupt subsidiary should be unconsolidated, according to the SEC, meaning that its financials would not appear on the statements of the parent company. In such cases, the subsidiary would be considered an equity investment in which the parent ...
What is an example of a wholly owned subsidiary? An example of a wholly owned subsidiary is the Airgas company. This company is fully owned by Air Liquide company, meaning it holds all the Airgas company stocks.What is a Wholly Owned Subsidiary? A wholly owned subsidiary is a business entit...
interests, to act in its best interest, and to maintain a separate corporate identity. If the parent fails to meet these requirements, the courts will perceive the subsidiary as merely a business conduit for the parent, and the two corporations will be viewed as one entity for liability ...