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Returning Member
posted May 31, 2019 10:56:59 PM

Can I start a sep ira in a solo llc with a SS number or do i need an ein ?

Solo LLC was originally a partnership with an ein, but as a solo LLC I have used my   SS number on tax forms.

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1 Replies
Expert Alumni
May 31, 2019 10:57:01 PM

Yes, you can start a SEP-IRA for a one-member LLC with your SSN. A one-member LLC can be considered as a disregarded entity and you can file a Schedule C on your personal return.

Please read this IRS document for more information:

https://www.irs.gov/retirement-plans/retirement-plans-for-self-employed-people