With a 401k SelfStarter plan you fund your business with 401k, IRA or other retirement funds; therefore, your business has the necessary funding to grow and your retirement account has the potential to earn sizeable returns and grow tax deferred.
The 401k SelfStarter plan allows you to draw a reasonable salary from the business.
Make tax deferred contributions
Since the 401k SelfStarter plan includes a retirement account, you can continue saving for retirement by making annual tax-deductible contributions. For example, for tax year 2016 each plan participant can contribute up to $53,000 plus an additional $6,000 for those age 50 years of age-and older.