The entity types provided in the Corporate Family are as follows:
Parent - Within most Business Browser screening and reporting tools, a company labelled "parent" is presumed to be the "ultimate parent" (the ultimate controlling company within a corporate structure). Where a distinction between the "ultimate parent" and the "parent" (i.e. a company that reports to another legal entities, but also has other entities reporting to it) needs to be made, the parent and ultimate parent are explicitly labelled.
Subsidiary - Separate legal corporate entity owned more than 50% by another company.
Branch - An internal unit of a company, not incorporated or a separate legal entity. Tends to be small in size.
Division/Unit - An internal unit of a company, not incorporated or a separate legal entity. Tends to be large in size.
Affiliate - separate legal entity in which the parent company owns less than 50%.
Franchise - A separate legal entity “licensed” to operate by a parent company, but with no common ownership.
Joint Venture - A separate legal entity in which two or more companies share ownership.