Wholly owned subsidiaries offer protection to businesses and their technology while doing business in the international sector.

Question

Quizplus · Accepted Answer

Wholly owned subsidiaries are separate entities that are owned entirely by the parent company. Therefore, they can provide protection to the parent company's business and technology while operating in the international market. Additionally, any risks or liabilities associated with the subsidiary's operations are generally limited to the subsidiary itself, rather than the parent company.

Wholly Owned Subsidiaries Offer Protection to Businesses and Their Technology