A subsidiary ledger is a special ledger designed to provide information about accounts that would not normally be found in a general ledger. To remain in balance, the total of all accounts listed in a ...

A subsidiary bank, owned by a foreign parent corporation, operates under host-country rules. Understand its role, benefits, and how it differs from other bank types.

An LLC, or limited liability company, is a hybrid of a corporation and a partnership. It provides personal asset protection like a corporation and is considered a "disregarded entity" by the IRS, ...

Please note: This item is from our archives and was published in 2002. It is provided for historical reference. The content may be out of date and links may no longer function. CERTAIN DEVELOPMENTS IN ...

When someone says that a subsidiary is “wholly owned”, I believe that the common understanding is that the parent company owns all of the issued and outstanding equity of the subsidiary. What if the ...

The Corporate Transparency Act (the “CTA”), a new federal law, went into effect on January 1, 2024 (see our update and summary here). In the weeks since, the Financial Crimes Enforcement Network ...

You are responsible for corporate operations and procurement at the headquarters of a Fortune 1000 company. Your team has done an outstanding job selecting preferred suppliers, negotiating prices and ...

Bottom Line: When firms want to shed a subsidiary, they must decide whether to spin off or sell the business. New research shows that selling, rather than spinning, may be the more profitable option.

Consolidated financial statements combine parent and subsidiary finances for clearer insight. Investors can evaluate influence and returns by checking ownership percentages on balance sheets. Many ...