Control groups for Investment Company

Another one of my favorite topics - control groups etc.....

Small Investment Company (2 owners) owns a store in one state, but no other business in that state, nor any other location of the store or a similar type of business.

They do however have unrelated holdings in other states.

Is this an attorney question?

31 minutes ago, TPApril said:

They do however have unrelated holdings in other states.

Details?

31 minutes ago, TPApril said:

Is this an attorney question?

Usually, unless it's a black and white situation.

is the company's business investing in/owning stores, or is this an investment advisor/money manager firm that owns a store somewhere, your description is very vague.

Maybe there is a control and maybe there are qualified separate lines of business - lots of maybes pending the details.