👉 Non-consolidation is a legal concept in the United States that refers to the situation where two or more independent entities do not share any common ownership. In other words, one entity owns all of the assets and liabilities of another entity, but they have no physical presence or control over it. This can occur when an individual or company owns shares of stock in a corporation or other business entity that is owned by multiple individuals. Non-consolidation often arises in situations where two or more companies are involved
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