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What is the meaning of this phrase A company spun out of another?

Tara Andrews

in Homework Help

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1 answer

James Washington on June 18, 2019

All large companies have "pilot" or experimental companies which may or may not become something more. If this small subsidary embarasses, grows, or for another reason, the company owner may openly or in secret, willingly or not, to be legally separated from the matrix. The other spun-off company is created when the ex-employees of the parent company legally create an apparent or actual independent company.

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