Legal Question in Business Law in Indiana
What is the difference between sister concern and subsidiary?
Asked on 8/29/09, 1:22 am
1 Answer from Attorneys
Burton Padove
Indiana and Illinois Lawyer, Burton A. Padove
There is overlap. A subsidiary is owned by the company that it is the subsidiary of. If two companies are owned person or gorups of persons or entities they are Sister Companies.
Answered on 8/29/09, 8:36 am
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