The Subsidiary reference article from the English Wikipedia on 24-Apr-2004 (provided by Fixed Reference: snapshots of Wikipedia from wikipedia.org)

Subsidiary

A subsidiary is a corporation controlled by another. When that control or ownership is not shared, it is termed a wholly-owned subsidiary. Subsidiaries are distinct legal entities for purposes of taxation and other forms of regulation.

A large holding company such as Berkshire Hathaway will usually organize all of their holdings into subsidiaries, sometimes with multiple levels of containment. [1]

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