2 Schedule C's - Can you have 2 Plans?

Client has 2 Schedule C's, shows profit on both Schedule C's, can the client have a Solo 401k plan for 1 Schedule C, and a SEP or Profit Sharing Plan for the other Schedule C?

Can they maintain both plans and fund them both to the IRS Limitiatons?

It would be a controlled group, so the 415 limit applies across both plans.

Is there more than one employer even?  

Can I have two sole proprietorships? 

To me this is might be more of a business law question than a retirement law question. 

Not claiming to be an expert on the questions here as much they would be the first questions I ask before I even get to your questions.   

On 8/25/2020 at 12:24 PM, ESOP Guy said:

Is there more than one employer even?  

Can I have two sole proprietorships? 

To me this is might be more of a business law question than a retirement law question. 

Not claiming to be an expert on the questions here as much they would be the first questions I ask before I even get to your questions.   

I think the idea is that a sole proprietor has two businesses. Example a Burger franchise and a car-wash.

Agree with Bird's response