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LLC and SEP-IRA
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Flamingo
Level 1
02-04-2021
04:53 PM
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In what name does a disregarded LLC open a SEP-IRA? In the name of the sole owner? In the name of the LLC?
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qbteachmt
Level 15
02-04-2021
05:12 PM
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The Plan is established by the business.
The Accounts are owned by individuals.
Set-up steps for a SEP
There are three steps to establishing a SEP.
- Execute a written agreement to provide benefits to all eligible employees.
- Give employees certain information about the agreement.
- Set up an IRA account for each employee.
https://www.irs.gov/retirement-plans/establishing-a-sep
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