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Learning, Sharing, and Teaching => Taxes => Topic started by: dandarc on February 02, 2021, 10:34:26 AM

Title: Individual 401K question - what happens when I incorporate
Post by: dandarc on February 02, 2021, 10:34:26 AM

I think I've sold myself on forming an LLC and being taxed as an S-Corp being the best way to do things for a new opportunity.

I've got a SoloK from prior work as a sole-proprietor. My question is - LLC does seem to need a new FEIN compared to my prior operating as a sole proprietor, but do I need a whole new SoloK to go with the new business, or can I just somehow change the existing SoloK to be attached to the LLC?