<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/Rt2AOEEvMbhpF3f4NlujBU">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/RCua1MtzwNcjfYov8VFcoV3"/>
  <rdfs:label>Subsidiary</rdfs:label>
  <skos:altLabel>Affiliate</skos:altLabel>
  <skos:altLabel>Controlled Company</skos:altLabel>
  <skos:altLabel>Daughter Company</skos:altLabel>
  <skos:altLabel>Subordinate Entity</skos:altLabel>
  <rdfs:seeAlso rdf:resource="https://folio.openlegalstandard.org/R9WYIrIeT3fTYMxfW0xZldF"/>
  <skos: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.</skos:definition>
  <skos:example>Audi AG: A subsidiary of Volkswagen Group, specializing in luxury automobiles.</skos:example>
  <skos:example>Instagram, LLC: A subsidiary of Meta Platforms, Inc., focusing on photo and video sharing.</skos:example>
  <skos:example>Warner Bros. Entertainment Inc.: A subsidiary of Warner Bros. Discovery, engaged in the film and entertainment industry.</skos:example>
  <skos:example>YouTube, LLC: A subsidiary of Alphabet Inc., operating as a video-sharing platform.</skos:example>
</owl:Class>