Editing Subsidiary (section)

== Tiered subsidiaries ==
In descriptions of larger corporate structures, the terms "first-tier subsidiary", "second-tier subsidiary", "third-tier subsidiary", etc. describe multiple levels of subsidiaries. A first-tier subsidiary is a subsidiary/child company of the ultimate parent company,{{NoteTag|As with human family trees, each level above one level is the parent of the level below, so the term "parent company" in itself does not necessarily refer to the company at the top of the tree, so here "ultimate parent company" has been used for that.}}<ref name="Chron">[http://smallbusiness.chron.com/first-tier-subsidiary-34982.html Houston Chronicle Small Business sector: ''What Is a First Tier Subsidiary?''] {{Webarchive|url=https://web.archive.org/web/20130514084055/http://smallbusiness.chron.com/first-tier-subsidiary-34982.html |date=2013-05-14 }} Retrieved 2013-04-12</ref> while a second-tier subsidiary is a subsidiary of a first-tier subsidiary: a "grandchild" of the main parent company.<ref>[http://definitions.uslegal.com/s/second-tier-subsidiary/ USLegal: ''Second-Tier Subsidiary Law & Legal Definition''] {{Webarchive|url=https://web.archive.org/web/20130130111842/http://definitions.uslegal.com/s/second-tier-subsidiary/ |date=2013-01-30 }} Retrieved 2013-04-12</ref> Consequently, a third-tier subsidiary is a subsidiary of a second-tier subsidiary—a "great-grandchild" of the main parent company.

The ownership structure of the small British specialist company Ford Component Sales, which sells Ford components to specialist car manufacturers and [[OEM]] manufacturers, such as [[Morgan Motor Company]] and [[Caterham Cars]],<ref>[http://www.ford.co.uk/experience-ford/AboutFord/Fordcomponentsales Ford Component Sales Ltd: ''High quality components for a variety of uses''] {{Webarchive|url=https://web.archive.org/web/20130401022058/http://www.ford.co.uk/experience-ford/AboutFord/Fordcomponentsales |date=2013-04-01 }} Retrieved 2013-04-12</ref> illustrates how multiple levels of subsidiaries are used in large corporations:
* [[Ford Motor Company]] – U.S. parent company based in [[Dearborn, Michigan|Dearborn]], [[Michigan]]
** Ford International Capital LLC – First-tier subsidiary (U.S. holding company located in Dearborn, Michigan, but registered in [[Delaware]])<ref name=SEC>[https://www.sec.gov/Archives/edgar/data/37996/000115752311001210/a6622311_ex21.htm SEC: ''Subsidiaries of Ford Motor Company as of February 11, 2011''] {{Webarchive|url=https://web.archive.org/web/20160531101138/http://www.sec.gov/Archives/edgar/data/37996/000115752311001210/a6622311_ex21.htm |date=May 31, 2016 }} Retrieved 2013-04-12</ref><ref>[http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=35697873 Bloomberg Businessweek: ''Company Overview of Ford International Capital LLC''] {{Webarchive|url=https://web.archive.org/web/20130502010229/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=35697873 |date=2013-05-02 }}, page 2 Retrieved 2013-04-12</ref>
*** Ford Technologies Limited – Second-tier subsidiary (British holding company, located at the Ford UK head office in [[Brentwood, Essex|Brentwood]], [[Essex]], with five employees)<ref>[https://www.duedil.com/company/04850367/blue-oval-holdings Duedil: ''Blue Oval Holdings''] {{Webarchive|url=https://web.archive.org/web/20140225125356/https://www.duedil.com/company/04850367/blue-oval-holdings |date=2014-02-25 }} Retrieved 2013-04-12</ref>
**** [[Ford of Britain|Ford Motor Company Limited]] – Third-tier subsidiary (the main British Ford company, with head office in Brentwood, with 10,500 employees)<ref>[https://www.duedil.com/company/00235446/ford-motor-company-limited Duedil: ''Ford Motor Company Limited''] {{Webarchive|url=https://web.archive.org/web/20140225121904/https://www.duedil.com/company/00235446/ford-motor-company-limited |date=2014-02-25 }} Retrieved 2013-04-12</ref>