spinoff

Definition

An independent company created from an existing part of another company through a divestiture, such as a sale or distribution of new shares.

Use spinoff in a sentence

You need to try and make sure that you are prepared for any problems if you are thinking of starting a spinoff.

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The company was a spinoff from Widget production enterprises LLC, the companies operated in a complimentary fashion doing business with one another.

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The company realized that it could get more involved in a niche market by creating a spinoff company, to specialize in a certain department of goods.

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carve-out taxable spinoff