Subsidiary company

The official definition is that a subsidiary is a company whose voting stock is more than 50% controlled by another company, usually referred to as the parent company or holding company. A subsidiary is a company that is partly or completely owned by another company that holds a controlling interest in the subsidiary company. For the purposes of liability, taxation and regulation, subsidiaries are distinct legal entities.

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If you’re adding a subsidiary company to The People’s Pension and you’ve any queries, please email newbusiness@thepeoplespension.co.uk.

 

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Employers