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Thread: Sub-branch office or Grandson Office?
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[quote=GAFFER,415658]Good question [mood1] I can't find any reference to different name for a subsidiary of a subsidiary. The definition of a subsidiary is a company whose controlling interest is held by another company. The parent company is not necessarily a larger company but it must control more than 50% of the subsidiary. I assume therefore that the sub subsidiary company is then simply a subsidiary of its parent company, which is, in itself, a subsidiary of its parent company. [mood5] There does not have to be a connection between the "grandson" company and the "grandparent" company as the separate companies are "entities" or corporate bodies in their own right. Maybe a corporate lawyer will correct me [mood14][/quote]
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