When one company is owned by a corporation but is chartered separately from the parent company,this is

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A subsidiary is a company that is owned by a parent company, but is chartered separately and operates independently. This is a common business practice that allows the parent company to diversify its products or services or expand its operations without having to start a new company from scratch. It is also important to note that subsidiaries are not illegal and can serve legitimate business purposes.

When One Company Is Owned by a Corporation but Is