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Site Manager / Senior Administrator Nicholas Pension Consultants
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United Benefit Pensions Inc.
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Retirement, LLC
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Loren D. Stark Company
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NFL Player Benefit Office
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Primark Benefits
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Junior Implementation Specialist - 401(k) Administration Ubiquity Retirement + Savings
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Nicholas Pension Consultants
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CMC Pension Professionals
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Manager - Defined Contribution Plans M2B Retirement Consulting LLC
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Hessel & Associates, LLC
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Senior Defined Contribution Account Manager Nova 401(k) Associates
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Hicks Pension Services
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MGKS
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Loren D. Stark Company
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EPIC RPS
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Jocelyn Pension Consulting
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401(k) Retirement Plan Administrator Midwest TPA with Remote Workforce
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Question 30: Mary, Jan, Jack and Jill are equal stockholders of an S Corporation. Mary, Jan, Jack and Jill are also equal members in MJJJ LLC. MJJJ LLC owns a 52% interest in Sub LLC, with the remaining 48% owned by 8 unrelated individuals. Do all of these companies make up a controlled group? |
Answer: Let's first get a technicality out of the way. The term "controlled group" only refers to groups of corporations. Most LLC's do not elect to be taxed as corporations and hence are treated as partnerships. Groups with entities other than corporations are groups of trades or businesses under common control under IRC 414(c), rather than controlled groups under 414(b). |
Answers are provided as general guidance on the subjects covered in the question and are not provided as legal advice to the questioner or to readers. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of this and similar situations.
The law in this area changes frequently. Answers are believed to be correct as of the posting dates shown. The completeness or accuracy of a particular answer may be affected by changes in the law (statutes, regulations, rulings, court decisions, etc.) that occur after the date on which a particular Q&A is posted.
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