subsidiária

Subsidiária is a Portuguese term that translates to "subsidiary" in English. In a business context, a subsidiary refers to a company that is owned or controlled by another company, known as the parent company. The parent company typically holds a controlling interest, meaning it owns more than 50% of the subsidiary's voting stock, which allows it to dictate the subsidiary's management and operations.

Subsidiaries can be established for various strategic reasons. They might be created to enter new markets, develop specialized products or services, or to isolate specific business risks. Having a subsidiary can also offer tax advantages or help a parent company navigate different regulatory environments. The legal structure of a subsidiary means it is a separate legal entity from its parent company, although its financial performance is usually consolidated into the parent company's financial statements.

The relationship between a parent company and its subsidiary is one of control and influence. The parent company can appoint the subsidiary's board of directors and influence its major decisions. However, the subsidiary generally operates with a degree of autonomy, managing its day-to-day affairs. This structure allows for both centralized strategic direction from the parent and localized operational management within the subsidiary.