If I own one repair shop and I am looking to purchase another one can I start a holding company and not be classified as a personal holding company?
According to this:
Now, I am not an accountant or CPA or attorney, but it seems to me that you can't do anything much about part 2, but if you can insure that more than 40% of the income from the business(es) come from thing other than those listed then you are ok.
I don't know how the treatment is different for personal holding companies compared to "Regular" holding companies.
EDIT - here is the reason I guess: