Solo 401k Unlimited® Investing » Solo 401k Eligibility http://www.solo401k.com The Ultra-Powerful Investment & Retirement Plan for the Self-Employed Tue, 20 Apr 2010 06:36:56 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Who is eligible for a Solo 401k? http://www.solo401k.com/2008/11/28/who-is-eligible-for-a-solo-401k/ http://www.solo401k.com/2008/11/28/who-is-eligible-for-a-solo-401k/#comments Sat, 29 Nov 2008 05:21:19 +0000 admin http://solo401k.wordpress.com/?p=50 Solo 401k eligibility requires 2 things:

  1. Presence of self employment activity – This can be as a sole proprietor or more formally organized as a Corporation, Partnership, or LLC. It’s okay to also be employed elsewhere even if that is your full time job and you participate in a 401k there.
  2. Absence of full time employees – To meet this requirement you cannot have full time employees at a business that you own. Part time employees (those who work under 1000 hours per year) and independent contractors (those who receive a 1099 rather than a W-2 at the end of the year) are okay to employ.

If you meet this requirement, you are likely to qualify for a Solo 401k. For a free consultation, call us at 877-SOLO-401K.

Subscribe :: add to del.icio.usdel.icio.us :: Digg itDigg this :: Stumble It!Stumble it :: post to facebookfacebook

:: seed the vine :: Add to Blinkslist :: add to furl :: add to ma.gnolia :: add to simpy :: :: TailRank :: [What are these icons for?]

]]> http://www.solo401k.com/2008/11/28/who-is-eligible-for-a-solo-401k/feed/ 0