'associate company', in relation to another company, means a company in which that other company has a significant influence, but which is not a subsidiary company of the company having such influence and includes a joint venture company.

Berkshire Hathaway, a conglomerate holding company, holds significant minority holdings in multiple organizations. It owns 17.6% of American Express and 26.7% of the Kraft Heinz Company, among many others. Legally, this means that the companies are associate companies of Berkshire Hathaway.

A company is associated with another if, at any time in the chargeable accounting period (a) one company has control of another, or (b) both companies are under the control of the same person or group of persons.

Associated companies usually have interlocking directorates to ensure they have common policies and complementary objectives. Associate Company is in the Accounting & Auditing, Entrepreneurship, management, Leadership and Investing subjects.

An Associate Company is a business in which another company holds a significant ownership stake, usually between 20% and 50% of the voting shares.

/əˈsoʊ·ʃi·ət, -si-/ someone who is connected to another person as a business partner or companion: Claire invited several business associates to dinner. An associate is also a person who has a position in a job or type of work that is just below the top position: an associate director/professor.

An associate company is one in which a parent company owns a minority stake. With associate companies, the parent does not consolidate the financial statements of the associate company. By comparison, a subsidiary is a company with a parent company that owns a majority share.

Associates are usually the first point of contact for customers. They must be pleasant, friendly, and communicative with customers as they need to listen and assist customers with their needs, explain products and availability, and make sales.

What is the purpose of an associate company? Under the law, an associate company indicates that a parent company has significant influence over the associate company due to its significant level of ownership (typically 20% to 50%). This may provide a number of advantages.

Associate companies offer several advantages, such as: Collaboration and Expertise: Associates bring specialized skills, knowledge, and resources that typically complement the investing company's existing strengths, leading to improved products or services.

"associated company" a company in which at least 20% but not more than 50% of its shares are held by the listed company or group.

The corporations are associated if both corporations are controlled by the same person or group of persons. Corporations may be associated because the same group of persons controls both corporations, but the members of this group do not act together and have no other connection to each other.