FJR Posted July 14, 2004 Posted July 14, 2004 Part owner (<50%) of Company A is a participant in a Profit Sharing Plan that Company A sponsors. Part owner is also an owner (50%) in company B, which is unrelated to Company A. Company B does not sponsor a qualified plan. Part owner in Company A wants to use some of her Profit Sharing assets and invest in Company B. It would be in the form of prefered shares. Is this a prohibited transaction?
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