Dougsbpc Posted August 8, 2018 Posted August 8, 2018 Other than a management function scenario, I believe there must be some cross-ownership for an affiliated service group to exist correct? In other words, suppose you have an employee of an accounting firm (no ownership) start his own firm. Then 100% of his work is done for the accounting firm. He owns 100% of his corporation but has 0% and has never had any ownership in the accounting firm. No affiliated service group? Thanks.
Belgarath Posted August 9, 2018 Posted August 9, 2018 Agree. However, it is remotely possible that he is actually still an EMPLOYEE of the accounting firm. Purported independent contractor status does not necessarily make it so. However, that's separate from your question.
PensionPro Posted August 9, 2018 Posted August 9, 2018 20 hours ago, Dougsbpc said: Other than a management function scenario, I believe there must be some cross-ownership for an affiliated service group to exist correct? In other words, suppose you have an employee of an accounting firm (no ownership) start his own firm. Then 100% of his work is done for the accounting firm. He owns 100% of his corporation but has 0% and has never had any ownership in the accounting firm. No affiliated service group? Thanks. See rules for B-Org groups. PensionPro, CPC, TGPC
Belgarath Posted August 10, 2018 Posted August 10, 2018 How does that matter? Unless I'm missing something (quite possible) there still needs to be at least 10% ownership (direct or deemed) in the B-org by one or more HCE's in the FSO and/or its A-Orgs. That doesn't seem to be the situation being discussed?
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now