Submission Number: 1510
Submission ID: 19811
Submission UUID: cea7ada8-e946-42e7-b2e5-c488c9e78ff3

Created: Tue, 01/07/2025 - 10:13
Completed: Tue, 01/07/2025 - 10:13
Changed: Thu, 01/16/2025 - 13:56

Remote IP address: 167.8.150.8
Submitted by: Anonymous
Language: English

Is draft: No

Flagged: Yes
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Submitted Comment
Clifton McClelland
N/A
Revenue in Scope - Complex Legal Entity Organizations

Please clarify how a multi-level legal entity with some but not all legal entities doing business should determine which revenues are in scope for purposes of the $500m and $1b thresholds. For example, if two sister legal entities that both do business in CA that have a common parent (no business in CA) that have revenue of $750m each should the revenues subject to the $1b test be $750m or $1.5b? Also, if a subsidiary does business in CA, must a reporting entity add the revenue of all related legal entities (parents, siblings) even if none do business in CA?

N/A