I've built quite a nice reselling business to the point I now need to legally shelter as much income as possible from the tax man.
Any recommendations for a small business 401k? I'm an LLC and about to make an SCorp designation. I have one part time high school student, my wife and myself. I had read that employee contribution Max is 18k and total employee and employee Max is 53k but it depends on highly compensated employee (which the two of us will be, but also the only full time employees). We also have a contractor that sources full time for us, but he's not an employee.
Any recommendations for a small business 401k? I'm an LLC and about to make an SCorp designation. I have one part time high school student, my wife and myself. I had read that employee contribution Max is 18k and total employee and employee Max is 53k but it depends on highly compensated employee (which the two of us will be, but also the only full time employees). We also have a contractor that sources full time for us, but he's not an employee.
Last edited: