This is why Mac changed AMDL Diagnostics Inc. to a Division. Mac is President and Akio is Secretary...of AMDL Diagnostics Inc. The term Division in relation to AMDLDX Inc. Division is written out in an agreement between Uni-Pharma and AMDL Diagnostics Inc. a Division of Radient Pharmaceuticals Inc. Business as usual....Mac and Akio are calling the shots through AMDL Diagnostics Inc. The aussies are sleeping with a hibernated Delaware Corporation Radient Pharmaceuticals Inc. The aussies are not in control of AMDL Diagnostics Inc.
Division Meaning
Particularly when businesses produce more than one product or offer more than one service, they often divide into divisions. When a business is structured as a collection of divisions, each division focuses on a different section of the business plan and works toward a separate goal. Because individuals within these divisions are all employed by the same overarching company, they can move back and forth between the divisions as needed.
Wholly Owned Subsidiary Definition
A wholly owned subsidiary, on the other hand, is a completely separate entity from the main business. Although this business is technically separate from the larger business, the owners of the larger business still retain full control over this smaller business, giving them the ability to guide the subsidiary's actions. Because the subsidiary is a separate business, workers are technically employed by the subsidiary, not by the larger controlling business.
