A business that is created by separating parts of an operating business into a separate entity is called a:

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A spin-off is a form of corporate restructuring where parts of an existing business are separated into a new and separate entity, typically resulting in two or more publicly traded companies. This differs from a franchise or turnkey project, which involve different business models. Synergy refers to the combined benefits resulting from the merger or cooperation of two or more entities.

A Business That Is Created by Separating Parts of an Operating