Distributions upon termination of profit sharing plan
Posted 13 March 2007 - 06:57 PM
Posted 14 March 2007 - 09:57 AM
Posted 14 March 2007 - 12:23 PM
Posted 14 March 2007 - 05:03 PM
Posted 15 March 2007 - 08:17 AM
Would one alternative be to seek a dl regarding the status of the plan (partially terminated / terminated)? Wouldn't this effectively prolong the distribution (i.e. waiting until the corporation receives the dl to make distributions)?
You already have a means of "prolonging" the distribution - following the terms of the plan. I don't see the need to do anything more. I'm not saying that you shouldn't apply for a DL but that's a different issue.