What does an affiliate of a company mean?
Companies are affiliated when one company is a minority shareholder of another.
In the business world, affiliated companies are often simply called affiliates.
The term is sometimes used to refer to companies that are related to each other in some way..
What is the difference between subsidiary and associate company?
Affiliate, associate and subsidiary are all terms referring to the degree of ownership a parent company holds in another company.In most cases, affiliate and associate both describe a corporation whose parent only owns a small stake in the company. But a subsidiary is a company whose parent is a majority shareholder.
What does a division of a company mean?
A division of a business, sometimes called a business sector or business unit (segment), is one of the parts into which a business, organization or company is divided. … Each subsidiary is a separate legal entity owned by the primary business or by another subsidiary in the hierarchy.
Who is considered an affiliate?
Affiliate is used primarily to describe a business relationship between wherein one company owns less than a majority stake in the other company’s stock. Affiliations can also describe a type of relationship in which at least two different companies are subsidiaries of the same larger parent company.
What does affiliate mean in legal terms?
under joint control withAffiliate means, in relation to a person, any company or other entity, whether or not with legal personality, which directly or indirectly controls, is controlled by or is under joint control with that person.