a Foreign entity has three share holders X,Y,Z holding 33.3% each. X has 48% share in a US entity with right to control the US entity. Other 52% of the US Entity is owned by a different person M.
Can these companies be classified as Affiliates, Subsidiaries or Branch
Depending upon the issue or agreement for which the status is determined, the companies might be considered Affiliates but likely not subsidiaries or a branch. For a definitive response, including the consequences of any such determination, you should discuss those issues with an experienced Corporate Attorney.
The foregoing discussion does not establish an attorney-client relationship, is qualified by the limited facts presented above, and should not be relied upon as legal advice. My intention in answering questions is to provide guidance that will familiarize the public with the subject matter and facilitate selecting and interacting with attorneys. To obtain definitive legal advice upon which one can rely necessitates retaining an attorney who is qualified in this particular area of the law.
I agree with the first lawyer answering. This is a complex question depending on the organizing documents of each entity and the status of each person. Good luck.
This answer is for general information purposes, and is not legal advice. Please understand that by answering this question, I am not creating an attorney client relationship with you. If we agree in writing, then I would begin to represent you.
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