A subsidiary,is an entity that is controlled by a separate higher entity.
Ashley answers the phone... of Southwest Financial Group a subsidiary of The Wyncrest Group Inc. (WNCG).
They have thousands of clients.
If I go buy a company, and the ownership title, is just switched on a piece of paper, simply renaming my company(NOT ME) as the owner... on paper. The employees of that company purchased may not even know my name or even know I exist for that matter.
I am not entitled to go set up an office for no reason but hang out by the phone JUST BECAUSE I BOUGHT A COMPANY ON PAPER. LMAO