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A subsidiary is a business that is wholly or partially owned by another business, sometimes called the parent company or holding company. The parent company owns sufficient voting stock in the subsidiary -- as a rule, at least 50% -- to give it control over the subsidiary's operations and management.
â¢ Subsidiary is a separate business entity from the holding company and the relationship is that of a parent and child whereas in a joint venture, the relationship is that of equal or junior and senior partners. Related posts: 1  Difference Between Subsidiary and Division. 2  Difference Between Joint Venture and Partnership.n brief: Subsidiary vs Joint Venture. â¢ If a company wants to control operations of another company, it can either acquire majority of equity in that company to make it a subsidiary or it can form a joint venture with the company.