The phrase "affiliated corporation" is correct and usable in written English.
It can be used to refer to a company that is connected or associated with another company, often through ownership or control.
Example: "The new policy will also apply to all affiliated corporations under our parent company."
Alternatives: "associated company" or "subsidiary corporation".
The church has more than a dozen affiliated corporations, some of them operated for profit, with interests in housing, transportation and financial services.
Perhaps the difference is, when a shareholder receives a distribution of a note receivable from an affiliated S corporation, while no economic outlay on the part of the shareholder occurs, the distribution does have tax significance, as it reduces the shareholder's stock basis in the distributing business.
And to complicate things Lazard has set up an extremely convoluted system of corporations "affiliated with" other corporations, some based in Bermuda (HA!) and none particularly traceable to being the actual owners of Atria.
As a reminder, in Meruelo, the taxpayer owned affiliated S corporations and partnerships, including Merco, an S corporation owned 49% by the taxpayer.
BankAmerica Corp. (BAC), a bank holding company, applied to the Federal Reserve Board (Board) for approval under § 4(c)(8) of the Bank Holding Company Act of 1956 (BHC Act) to acquire a nonbanking affiliate corporation (Schwab) engaged in retail securities brokerage.
A long list of political action committees, most of them affiliated with corporations and industry groups, have been directing money to Mr. Boehner's trio of political committees.
That exemption applies to churches themselves, but not to affiliated nonprofit corporations, like hospitals, that do not rely primarily on members of the faith as employees.
Political action committees -- organizations affiliated with corporations and labor unions, among others -- that can donate as much as $10,000 to Congressional candidates (in primaries and the general election) remain unaffected.
AFA entity means a group of affiliated individuals, corporations, or other business concerns, except for a CDQ group, that harvests or processes pollock in the BS directed pollock fishery.
