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Affiliated Corporation

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Affiliated corporation
A corporation that is an affiliate to the parent company.

Affiliated Corporation
A corporation of which another company owns a significant percentage, but not a majority, of its shares. This gives the company a great deal of influence, but not outright control, of the affiliated corporation. See also: Subsidiary, Parent company.


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Lanco: Lanco was a Delaware corporation that licensed trademarks, tradenames and service marks to an affiliated corporation operating retail clothing stores in New Jersey.
Carolina Academic Press (Durham, NC) has released "A Complete Guide to Corporate Taxation," a book that discusses the rules of Subchapter C and the concpets of affiliated corporations and consolidated returns.
For example, some national and larger local organizations are creating for-profit affiliated corporations or for-profit subsidiaries that engage in business sometimes unrelated to their missions.
 
 
 
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