dmb Posted December 15, 2000 Posted December 15, 2000 We have a client who is 50% shareholder of a S-Corp. The S-Corp is 50% owner of a LLC. The client has W2 compensation from the LLC. The LLC has no qualified plans or SEPs. The question is, can the client contribute to a SEP sponsored by the S-Corp. If not, what about the LLC??
Bill Berke Posted December 18, 2000 Posted December 18, 2000 It is possible for either the S-corp or the LLC to adopt a plan. Very likely okay in the LLC, questionable in the S-corp. But, you don't give nearly enough facts that must be considered like controlled group/affiliated group issues regarding the other owners and their employees
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now