eilano Posted January 8, 2004 Posted January 8, 2004 Couple filed as self employed and funded their individual SEPs. As of 1/1/03, they became an LLC and hired an employee. Do they need to change their SEP documents, etc.?
mbozek Posted January 9, 2004 Posted January 9, 2004 What does the plan document say about adoption by a sucessor employer. A well drafted plan permits a sucessor to adopt the plan. Otherwise why not have the LLC adopt its own SEP for the 1/1/03 plan year? mjb
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