Corporate Offshoot

👥💼 A subsidiary is a company that is controlled by another company, known as the parent company. It operates as a separate legal entity but is owned either wholly or partially by the parent company. The relationship between a subsidiary and its parent company is characterized by shared ownership, management control, and financial support. Subsidiaries are often established to expand the parent company's business operations into new markets or industries, allowing for greater diversification and strategic growth opportunities.