QUESTION: If a person wants to invest in a small privately held company what is the best way to draft the agreement to ensure it complies? And then would MySolo401k review the agreement to make sure it complies? Or might MySolo401k advice upfront in the drafting of the agreement?
ANSWER: Please click on solo 401k private placement procedure for information on purchasing private shares with a solo 401k. You may also use the “general investment” form on the Solo 401k Forms tab of our website to further help document the private company investment. Lastly, we can review your investment to make sure it is administratively feasible for you as the Trustee of the solo 401k plan.
