{"iri":"https://folio.openlegalstandard.org/Rt2AOEEvMbhpF3f4NlujBU","label":"Subsidiary","sub_class_of":["https://folio.openlegalstandard.org/RCua1MtzwNcjfYov8VFcoV3"],"parent_class_of":[],"is_defined_by":null,"see_also":["https://folio.openlegalstandard.org/R9WYIrIeT3fTYMxfW0xZldF"],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":["Affiliate","Controlled Company","Daughter Company","Subordinate Entity"],"translations":{},"hidden_label":null,"definition":"A Subsidiary is a company that is owned or controlled by another company, known as the parent company or holding company. The parent company holds a controlling interest in the subsidiary, typically through ownership of more than 50% of its voting stock, allowing it to influence the subsidiary's management and operations.","examples":["Audi AG: A subsidiary of Volkswagen Group, specializing in luxury automobiles.","Instagram, LLC: A subsidiary of Meta Platforms, Inc., focusing on photo and video sharing.","Warner Bros. Entertainment Inc.: A subsidiary of Warner Bros. Discovery, engaged in the film and entertainment industry.","YouTube, LLC: A subsidiary of Alphabet Inc., operating as a video-sharing platform."],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}