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The difference between a subsidiary and a wholly owned subsidiary is the amount of control held by the parent company. A parent company has a controlling interest in another company, which means it has majority ownership of that company and controls its operations. A parent company will own 51% to 99% of a regular subsidiary’s voting stock. If a parent company owns 100% of the stock, the subsidiary is said to be a wholly owned subsidiary.
- Parent companies hold majority ownership of subsidiary companies and the amount of ownership determines whether the company owned by the parent is a regular subsidiary or a wholly owned subsidiary.
- If the parent company owns 51% to 99% of another company, then the company is a regular subsidiary.
- If the parent company owns 100% of another company, then the company is a wholly owned subsidiary.
- For some large corporations, the advantage of having a regular subsidiary is that it enables the corporation to enter into foreign markets that would otherwise be closed to them.
A regular subsidiary company has over 50% of its voting stock (it can be half, plus one share more) controlled by another company, though, for liability, tax, and regulatory reasons, the subsidiary and parent companies remain separate legal entities.
The parent company is typically a larger business that often has control over more than one subsidiary. Parent companies may be more or less active concerning their subsidiaries, but they always hold a controlling interest to some degree. The amount of control the parent company chooses to exercise usually depends on the level of managing control the parent company awards to the subsidiary company management staff.
Parent companies may be more or less active concerning their subsidiaries, but they always hold a controlling interest to some degree.
Wholly Owned Subsidiary Company
A subsidiary company is considered wholly owned when another company, the parent company, owns all of the common stock.1 There are no minority shareholders. The subsidiary’s stock is not traded publicly. But it remains an independent legal body, a corporation with its own organized framework and administration. Its day-to-day operations are likely directed entirely by the parent company.
Theresa J Morris
TJ Morris Agency is owned by Theresa J Morris a woman veteran small business in USA.