Is this a controlled group?

[Santo Gold]

Company A is owned by Mr. X (40%), Mr. Y (40%) and Mr. Z (20%)

Company A owns 50% of several other companies. The other 50% ownership of these other companies are comprised of individuals or organizations not affiliated with Mr. X, Y or Z.

Given this, then there shoud not be any controlled groups between Co A, X,Y,or Z, and these other companies, correct?

Thanks very much.

[ETA Consulting LLC]

On the surface, you are correct.

Attribution and excludable shares may run pretty deep. From a straight numerical perspective, you are correct. It also doesn't address Affiliated Service Groups.

But, I agree with your analysis.

Good Luck!