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Can a corporation own a corporation?

In: Incorporation [Edit categories]

Answer:

Absolutely, this is done quite frequently in business's. Notice how some company's are called divisions or subsidiary of other companies, well that's because they are separate corporations owned by different corporations. The true owner is the person, or entity that owns 100% of the stock of the company. Prime example is Bank of America, each branch is incorporated but solely owned by the main corporation.

First answer by ID1651966888. Last edit by ID1651966888. Question popularity: 1 [recommend question].

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