Controlled Group?

[Guest YvonneT]

I have looked at several other posts regarding controlled groups but just want to make sure my thinking is correct. I have a person who owns 100% of Co. A and 70% of Co. B. (I don't know who owns remaining 30% of Co. B.) I think this does not constitute a controlled group because there is not 80% common ownership. Is this correct?

Is there any way it would be considered a controlled group if remaining 30% is owned by a family member that is subject to attribution?

[Jim Chad]

Yes, certain family members owning 10% could make it a controlled group. And if a business owns part of the other 30% and this person owns any part of the other company, get and ERISA attorney. IMNTBHO

[Guest Sieve]

Correct, no controlled group as currently constituted (unless other person's 30% ownership of Co. B somehow is attributed to the 100% owner of Co. A).

[doombuggy]

I have a similar situation, but it is 11 companies with one common owner in all and if I figured it correctly, 4 seperate control groups.

But as far as your attribution question, I would agree. Because 3 of these companies I mentioned are considered a control group because son owns Co A 100%, Co B 67% and Co C 67%, with mom owning the other 33% of B & C. Attribution rules hold for her to him, hence the control group (at least for these 3)

[Guest YvonneT]

Thanks!