The Types of Subsidiaries Are as Follows: Wholly Owned Subsidiaries: These are 100 per cent owned by the parent company, granting complete control over the subsidiary, including board seats and voting rights. Partly Owned Subsidiaries: These are not fully controlled by the parent company and typically own one to 49 per cent of the subsidiary's stock. However, the parent company still holds controlling votes in major decisions. Joint Venture Subsidiaries: Created by two companies, each owning half of the subsidiary's stock. Both parent companies appoint half of the board members and have one vote each in significant decisions.