Earlier this month, Google (NASDAQ:GOOG) (NASDAQ:GOOGL) announced a major restructuring of its organization, along with a new name. The new company is called Alphabet, and Google is one of many subsidiary businesses. But some businesses have remained a part of Google, while others have been given their own subsidiary. Here, I'll try to explain what the corporate structure looks like now, and why Google chose the structure it did.

Adam Levy has no position in any stocks mentioned. The Motley Fool owns and recommends Google (A shares) and Google (C shares). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.