Comments on: The Hidden Meaning Behind the State of the Union Address http://www.jeffnabers.com/2010/01/29/the-hidden-meaning-behind-the-state-of-the-union-address/ The No-B.S. Guide to Building Real Wealth in Your Self-Directed IRA or Solo 401k Sat, 17 Dec 2011 03:25:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: admin http://www.jeffnabers.com/2010/01/29/the-hidden-meaning-behind-the-state-of-the-union-address/comment-page-1/#comment-2177 admin Tue, 09 Feb 2010 06:07:52 +0000 http://jeffnabers.com/?p=1216#comment-2177 Steve, Sorry for the ambiguity. No, it is not possible. Owning multiple companies creates a "control group" that the IRS treats as one company for tax purposes. These multiple companies would have to adopt the same single plan, which defeats the purpose behind your brainstorm. I suggest you call my office for further assistance 877-903-2220 :-) Jeff Steve,

Sorry for the ambiguity. No, it is not possible. Owning multiple companies creates a “control group” that the IRS treats as one company for tax purposes. These multiple companies would have to adopt the same single plan, which defeats the purpose behind your brainstorm.

I suggest you call my office for further assistance 877-903-2220
:-)

Jeff

]]> By: Steve http://www.jeffnabers.com/2010/01/29/the-hidden-meaning-behind-the-state-of-the-union-address/comment-page-1/#comment-2174 Steve Wed, 03 Feb 2010 04:52:12 +0000 http://jeffnabers.com/?p=1216#comment-2174 Is that, no - you don't want to elaborate here or no - it's not possible/not a good idea? I'm asking more from a theoretical standpoint based on the objectives you set forth in the article about partitioning liability between LLCs. Is that, no – you don’t want to elaborate here or no – it’s not possible/not a good idea? I’m asking more from a theoretical standpoint based on the objectives you set forth in the article about partitioning liability between LLCs.

]]> By: admin http://www.jeffnabers.com/2010/01/29/the-hidden-meaning-behind-the-state-of-the-union-address/comment-page-1/#comment-2173 admin Tue, 02 Feb 2010 07:10:05 +0000 http://jeffnabers.com/?p=1216#comment-2173 Steve, Short answer - no. Get a longer answer by calling our office at 877-903-2220. We'll ask you a few questions to gain perspective of the context of your objectives, and I think you'll find us as a great resource. Jeff Steve,

Short answer – no. Get a longer answer by calling our office at 877-903-2220. We’ll ask you a few questions to gain perspective of the context of your objectives, and I think you’ll find us as a great resource.

Jeff

]]> By: Steve http://www.jeffnabers.com/2010/01/29/the-hidden-meaning-behind-the-state-of-the-union-address/comment-page-1/#comment-2172 Steve Mon, 01 Feb 2010 02:44:24 +0000 http://jeffnabers.com/?p=1216#comment-2172 Jeff, I hope I'm not messing up the protocol of your blog by commenting on something besides the State of the Union, but I have a question/comment relating to your July 1, 2008 post about Asset Protection Using Multiple LLCs. I wondered if you could comment about the pros and cons of using the same approach with a Solo 401K. Is it permissible to set up multiple qualified plans that accomplish most of the same objectives you mention for creating multiple LLCs? Seems like one issue might be a restriction about moving money between plans at a time when you want to realign assets (i.e. sell two properties and buy one large one) but perhaps partnering plans would cover most of that issue. Seems you could name the plans "The Bob Jones 401K Profit Sharing Plan #1", "The Bob Jones 401K Profit Sharing Plan #2", etc. and get a separate EIN for each. Would separate smaller plans delay the need to file a 5500 or would the aggregate value of the plans determine that threshhold? Any insight on this concept would be greatly appreciated. I haven't seen anything written about it anywhere. Steve http://jeffnabers.com/index.php/2008/07/01/asset-protection-multiple-llcs/#more-25 Jeff,

I hope I’m not messing up the protocol of your blog by commenting on something besides the State of the Union, but I have a question/comment relating to your July 1, 2008 post about Asset Protection Using Multiple LLCs.
I wondered if you could comment about the pros and cons of using the same approach with a Solo 401K. Is it permissible to set up multiple qualified plans that accomplish most of the same objectives you mention for creating multiple LLCs? Seems like one issue might be a restriction about moving money between plans at a time when you want to realign assets (i.e. sell two properties and buy one large one) but perhaps partnering plans would cover most of that issue. Seems you could name the plans “The Bob Jones 401K Profit Sharing Plan #1″, “The Bob Jones 401K Profit Sharing Plan #2″, etc. and get a separate EIN for each. Would separate smaller plans delay the need to file a 5500 or would the aggregate value of the plans determine that threshhold? Any insight on this concept would be greatly appreciated. I haven’t seen anything written about it anywhere.

Steve

http://jeffnabers.com/index.php/2008/07/01/asset-protection-multiple-llcs/#more-25

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