Legal Question in Business Law in Oklahoma
Can I provide benefits to all my businesses subsidiaries through the parent company?
Asked on 7/29/10, 11:46 am
1 Answer from Attorneys
Kevin B. Murphy
Franchise Foundations, APC
What kind of benefits? This is really more of a tax question than anything else. The IRS allows legitimate business expenses. Your subsidiaries may have to pay directly, then seek reimbursement from the parent company. Consult with a good business tax attorney in your area for specific advice.
Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise
Franchise Attorney
Answered on 8/03/10, 12:33 pm
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