Here is the fact pattern: Husband is 100% owner of S-Corp A, Husband & Wife are 50/50 owners of S-Corp B, Wife is 50% owner of LLC C, the remaining 50% is owned by an unrelated 3rd party. They do have minor children together.
It is believed that S-Corp B & LLC C are considered an Affiliated Service Group, S-Corp A is not an ASG with any business. Based on that, S-Corp A & S-Corp B are a controlled group and S-Corp B and LLC C are a controlled group, correct?
We are trying to determine if husband can establish an Individual 401(k) for S-Corp A without the need to perform coverage testing from LLC C.
Any help would be appreciated.
