What is the difference between a subsidiary and an affiliate?

Subsidiaries are separate legal entities from their parents, and therefore they are liable for their own taxes, liabilities, and governance. The main difference between a subsidiary company and an affiliate has to do with the existing level of ownership by its parent company.

What are subsidiaries & how do they work?

These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Subsidiaries are separate, distinct legal entities for the purposes of taxation, regulation and liability.

What does subsidiary mean?

secundário, subsidiária, subsidiário… Need a translator? Get a quick, free translation! SUBSIDIARY definition: 1. used to refer to something less important than something else with which it is connected: 2. a…. Learn more.