Guest Fuzzy Posted December 5, 2002 Posted December 5, 2002 Can a Sole Proprietor take a loan from a profit sharing plan?
jpod Posted December 5, 2002 Posted December 5, 2002 Yes; provided that the plan document allows loans and if it does it has been amended to reflect EGTRRA's repeal of the rule prohibiting loans to sole proprietors, owner-employees, etc.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now