Guest hardballaddict Posted December 8, 2005 Posted December 8, 2005 Can a 50% member in a LLC (there are no other employees) create and fund a SEP based on net earnings from self-employment (from LLC) without regard to other 50% member? Or must the SEP be created at the partnership level requiring both members to be included?
Archimage Posted December 9, 2005 Posted December 9, 2005 Off the top of my head I don't know of any SEP documents that will allow for those type of exclusions. You could do it with a regular qualifed plan document and exclude the other member.
Appleby Posted December 10, 2005 Posted December 10, 2005 My understanding is that the plan, SEP or any other plan, must be established by the Partnership…not the individual Partner…and all eligible partners must receive plan contributions Life and Death Planning for Retirement Benefits by Natalie B. Choatehttps://www.ataxplan.com/life-and-death-planning-for-retirement-benefits/ www.DeniseAppleby.com
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