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Retirement tax questions
Because a single member LLC is a "disregarded entity" by default (unless you file special paperwork to be taxed as a corporation), the SMLLC is just another version of "you". So if "you" have two schedule C businesses (one LLC and one sole prop), that is still just "you". I don't believe you need separate 401k accounts.
‎August 15, 2024
12:08 PM