ST Alpha - "It's a tax rule. Basically 50% or more owned by one family with no outside investors." (Reading a Post)

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In response to "can you explain what they mean by "closely held" stock corps? Is that a real thing, or just something from the decision? -- nm" by colin

It's a tax rule. Basically 50% or more owned by one family with no outside investors.

Posted by spamlet Jul 1 '14, 06:44

In the tax law a closely held corporation is treated as an extension of the owner(s) for some purposes and that's how the justices seemed to make the connection.

Responses:

[deleted] 6
- I truthfully didn't read the decision, but to say that the concept of closely held corporation doesn't exist is flat wrong. - spamlet Jul 1, 06:49 5
  - [deleted] 4
    - Spammy didn't say that. Colin asked if closely held was a real thing or not, and spammy answered. -- nm - Inigo Jul 1, 06:56 2
      - [deleted] 1
        
        I was giving the benefit of the doubt that there was reasoning behind it (however nebulous). -- nm - spamlet Jul 1, 07:10
    - [deleted]

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It's a tax rule. Basically 50% or more owned by one family with no outside investors.

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