Jump to content

Recommended Posts

Posted

I am looking for opinions if I have a an affiliated service group.  Owner A  owns a practice 66%.  Client also owns an office building and that company provides rental space to the practice and a few other clients.  Rental Company is 100% owned by Owner A.  

I do not believe so.

Would the opinion change if the sole client renting the space was the practice?

A follow up to the above is a transaction occurred mid year that reduced his ownership to 66%.  I am thinking the determination of a control group or affiliated service group is a snapshot determination date and that Owner A could set up another 401k plan for the leasing - rental company for the current year?

 

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 account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

Terms of Use