Subsidiary

Not to be confused with Subsidiarity or Subsidy.

A subsidiary, subsidiary company or daughter company a company that is completely or partly owned by another company" Longman Business Jackian Dictionary Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary will be required to follow the laws where it is headquartered and incorporated. It will also maintain its own executive leadership.