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Introduction A wholly owned subsidiary is a company with 100% of its shares owned by another corporation, which is the parent company. A parent company can acquire a wholly owned subsidiary or create one through a split-off. The parent company usually owns 51% to 99% of the subsidiary, and in cases where complete or majority ownership cannot be obtained, the parent company may create a subsidiary, associate, or joint venture where it owns a minority stake. In this article, we will discuss the functions of wholly-owned subsidiari... more