Affiliate (commerce)
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An affiliate is a commercial entity with a relationship with a peer or a larger entity.[1]
Corporate structure
A corporation may be referred to as an "affiliate" of another when it is related to it but not strictly controlled by it, as with a subsidiary relationship, or when it is desired to avoid the appearance of control. This is sometimes seen with companies that need to avoid restrictive laws (or negative public opinion) on foreign ownership.
See also
References
- ^ Phung, Albert. "Difference Between an Affiliate and a Subsidiary". Investopedia.