Manager - Defined Contribution Plans M2B Retirement Consulting LLC
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Nicholas Pension Consultants
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NFL Player Benefit Office
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MGKS
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Sr. Retirement Plan Administrator Tycor Benefit Administrators, Inc.
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Junior Implementation Specialist - 401(k) Administration Ubiquity Retirement + Savings
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Site Manager / Senior Administrator Nicholas Pension Consultants
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Hessel & Associates, LLC
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Aimpoint Pension
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Retirement, LLC
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United Benefit Pensions Inc.
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Retirement, LLC
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Defined Benefit Plan Consultant Sentinel Benefits & Financial Group
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Sentinel Benefits & Financial Group
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Compliance Analyst - 401(k) Administration Ubiquity Retirement + Savings
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Question 227: Corp A is 100% owned by a husband and wife. Corp B also is 100% owned by them. Company C is owned 95% by the husband and wife and 5% by their daughter. Only Corp A has employees. I would classify this as a controlled group, but does the fact that B and C have no employees (they're essentially shell companies) matter? |
Answer: If a tree falls in a forest and nobody is around to hear it, does it make a sound? Of course it does. |
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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