When view financials and they state they are a wholly owned company are the still considered a subsidiary of that company.

Question

When view financials and they state they are a wholly owned company are the still considered a subsidiary of that company.

Answer

As a Franchise Attorney I can only say it depends on what they consider "wholly owned." And there's also the question of whether the financials state the financial position on a consolidated basis, even if it's a wholly owned subsidiary. If not, you're not getting the true picture because it's mixed up with the parent's financials. Consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation