KJohnson Posted March 14, 2001 Posted March 14, 2001 A sole proprietorship wants to incorporate mid-year and continue to maintain its SIMPLE plan. In other qualified plans I simply have the corporation adopt the sole proprietorship's plan. However, is there a a "successor plan" issue under Notice 97-6 in having the corporation adopt the SIMPLE mid-year as opposed to January 1?
KJohnson Posted March 26, 2001 Author Posted March 26, 2001 Any thoughts on this? Can a corporation adopt a predecessor sole proprietorship's SIMPLE mid-year without running afoul of the "full year" rule regarding SIMPLE Plans in 97-6?
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