What is 'subsidiary' in SAP SAP-LEGAL - Global Field Legal?

subsidiary - Overview

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: A Company controlled by another Company.

subsidiary - Details

• 
  Key Concepts: 
  A subsidiary is a company that is owned or controlled by another company, referred to as the parent company. The parent company holds a controlling interest in the subsidiary, meaning it has the majority of voting rights and can make decisions on behalf of the subsidiary. The parent company is also responsible for the subsidiary's financial obligations. In SAP-LEGAL Global Field Legal, a subsidiary is a legal entity that is owned or controlled by another legal entity. 
  
  How to use it: 
  In SAP-LEGAL Global Field Legal, subsidiaries are used to track and manage legal entities that are owned or controlled by another legal entity. This includes tracking the ownership structure of each legal entity, as well as any associated financial obligations. Subsidiaries can also be used to track any changes in ownership or control of a legal entity over time. 
  
  Tips & Tricks: 
  When creating a new subsidiary in SAP-LEGAL Global Field Legal, it is important to ensure that all relevant information is entered accurately and completely. This includes the name of the parent company, the name of the subsidiary, and any associated financial obligations. Additionally, it is important to keep track of any changes in ownership or control of a legal entity over time. 
  
  Related Information: 
  For more information on subsidiaries in SAP-LEGAL Global Field Legal, please refer to the official documentation