Legal Question in Tax Law in Oregon

Wholly owned Subsidiary

I have been told that for a California corporation to be a wholly owned subsidiary of an Oregon corporation we the California shareholders can own no more that 20% of the stock. Is this true? The Oregon Corp will own the other 80%

Thanks

--name removed---name removed--


Asked on 12/12/05, 3:05 pm

1 Answer from Attorneys
Carl Starrett Law Offices of Carl H. Starrett II

Re: Wholly owned Subsidiary

You have been told wrong. To be a wholly owned subsidiary, the parent entity must own 100% of the oustanding shares/interest in the subsidiary.

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Answered on 12/12/05, 4:16 pm


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