An LLC, or limited liability company, is a hybrid of a corporation and a partnership. It provides personal asset protection like a corporation and is considered a "disregarded entity" by the IRS, ...

Purchasing a subsidiary is one of the ways your company can expand into a new market. Instead of starting a new venture from scratch to capitalize on an opportunity, you can take advantage of the ...

Please note: This item is from our archives and was published in 2002. It is provided for historical reference. The content may be out of date and links may no longer function. CERTAIN DEVELOPMENTS IN ...

When someone says that a subsidiary is “wholly owned”, I believe that the common understanding is that the parent company owns all of the issued and outstanding equity of the subsidiary. What if the ...

The Corporate Transparency Act (the “CTA”), a new federal law, went into effect on January 1, 2024 (see our update and summary here). In the weeks since, the Financial Crimes Enforcement Network ...

Many of the largest corporations in the world are made up of a collection of smaller companies. So it should come as no surprise that setting up a foreign subsidiary company is a popular option when a ...

Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA ...

Consolidated financial statements combine parent and subsidiary finances for clearer insight. Investors can evaluate influence and returns by checking ownership percentages on balance sheets. Many ...

You are responsible for corporate operations and procurement at the headquarters of a Fortune 1000 company. Your team has done an outstanding job selecting preferred suppliers, negotiating prices and ...