SSRRS Posted 8 hours ago Posted 8 hours ago Hi, Does anyone see anything wrong with a DB plan sponsored by an s corp, the owner needs cash to make the contribution so he will contribute from his personal brokerage account (and not from the corp account).? Thank you
Peter Gulia Posted 6 hours ago Posted 6 hours ago The shareholder might want his lawyer’s, accountant’s, and actuary’s collaborative advice about whether it makes sense for the shareholder to loan money to the corporation, or contribute new capital to the corporation. If either transaction makes sense, the corporation then might have money to pay a contribution to the pension plan. This is not advice to anyone. Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com
Bri Posted 5 hours ago Posted 5 hours ago I would approach it as, that should be a company check for the deposit. Where the company got the money from, I don't mind hearing/seeing/speaking no evil as to how. So that I can at least apply a standard of reasonableness
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