parent and subsidiary
A parent is a company that controls another, usually by owning more than half its shares; the subsidiary is the controlled company. Creditors of a subsidiary may try to pierce the veil to reach the parent when the two are run as one.
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controladora y subsidiaria
La controladora domina a otra sociedad (normalmente con más de la mitad de las acciones); la subsidiaria es la controlada. Los acreedores de la subsidiaria intentan levantar el velo hacia la controladora cuando ambas se operan como una sola.
ExamplesEjemplos
- The hotel chain ran its Dallas subsidiary from headquarters, with shared staff and one treasury. La cadena hotelera operaba su subsidiaria de Dallas desde la matriz, con personal compartido y una sola tesorería.
RelatedRelacionados: piercing the corporate veil (alter ego), single business enterprise doctrine
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