rodin011 Posted January 24, 2022 Posted January 24, 2022 Sole proprietor sponsor a qualified plan. Starting 1/1/22 it became a corporation. New name, new EIN. Besides restating the plan to reflect change in business structure, name, EIN, etc. is there any other paperwork required for the new entity to continue the existing plan? The 2022 5500 will also show the changes. Thanks for your help
david rigby Posted January 24, 2022 Posted January 24, 2022 It? Are you saying the sole proprietor became a corporation? Perhaps the sole proprietor created a new corporation? I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
rodin011 Posted January 25, 2022 Author Posted January 25, 2022 Right: The Sole Proprietor Created a Corporation and is 100% owner. Exactly same business, different structure.
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