Affiliated entities are organizations or businesses that have a formal relationship with one another, often through ownership, control, or shared interests. This relationship can involve partnerships, joint ventures, or subsidiaries, where one entity has a significant influence over the other. These connections can help companies collaborate on projects, share resources, or expand their market reach. In many cases, affiliated entities may share common goals or strategies, allowing them to benefit from each other's strengths. For example, a parent company may own several subsidiaries, each operating in different markets but working together to enhance overall performance and profitability.