Tag Archives: SEP

Sole Proprietor Plan Establishment Deadline for Self-Employed Plans – Solo 401k, SEP IRA and SIMPLE IRA

There are different types of plans available for sole proprietors and each have different plan establishment deadlines.  Plan establishment is completed when the sole proprietor has signed all of the required opening documents appropriate for that type of plan. Defined Contribution Plan: Solo 401k Plan (also known as an Individual 401k) A solo 401k plan […]

Sole Proprietor Plans (Solo 401k Plan, SEP IRA and SIMPLE IRA)

The simplest business to form is a sole proprietorship—an unincorporated business entity owned by one person. A sole proprietorship is not registered with the state like an LLC or Corporation, for example. Therefore, the various self-employed plans as generally sponsored in the individual’s name. While sole proprietorships can have employees, many entities are owner-only businesses. […]