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A guardian firm is a company that owns sufficient voting stock in one other agency to control administration and operations by influencing or electing its board of administrators; the second firm being deemed as a subsidiary of the father or mother firm. The definition of a dad or mum company differs by jurisdiction, with the definition usually being defined by way of laws coping with companies in that jurisdiction.
Some specialised companies may require licenses, either on account of legal guidelines governing entry into sure trades, occupations or professions, that require special education or to lift income for native governments. Professions that require special licenses include regulation, drugs, piloting plane, selling liquor, radio broadcasting, promoting funding securities, promoting used vehicles, and roofing. Local jurisdictions may additionally require particular licenses and taxes simply to operate a enterprise.