As business expand they may buy shares in other companies, or join with other companies for a particular purpose.
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There are different relationship these companies can have with one another.
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A group is a number of subsidiary companies operating under one leading company known as the parent company.
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A subsidiary is a company that is half or wholly owned by another company (the parent company).
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A holding company is one that holds all, or more than half of, the stakes in one or more subsidiaries. - , , , .
It is the leading company in a group.
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A holding companys relationship to its subsidiaries is that of parent company, and the subsidiaries relationship to each other is that of sister companies.
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The parent company controls its subsidiaries through its capital interests.
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A conglomerate is a group consisting of a lot of different companies in different businesses run as one large company.
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When two or more companies decide to work together, they form a joint venture.
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In such cases, the two companies involved remain separate legal entities.
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A consortium is a group of companies which come together to undertake a project which any one of the member cannot carry out alone.
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