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What Kind Of Business Can Begin A 401k? Could My Company Be Not Big Enough?

I want to start a business with my 401k funding, how can I know that my business is big enough to get this funding?

Posted by Tina Mark on

  • Hugo Pinkman
    Hugo Pinkman Nov 10, 2020

    I would consult a professional in your case, a potential mistake can cost you a lot. As for the business opportunities, I would consider a business for sale as it is the best option for people with no experience but with certain budget (take a look herehttps://exitadviser.com/business-for-sal... ).

  • Larry Ng
    Larry Ng Nov 10, 2020

    OP you want to burn your 401k down?
    first ask the IRS the have rules on that.
    or did you mean have business now want to
    offer 401k to employees, that?
    if yes again IRS sets the rules , they invented it. and learn there is more than one kind, of 401k.

    here they are.
    https://www.irs.gov/retirement-plans/pla...
    read it or get pro tax advice not mine
    all I can do is state the obvious, ask them,. IRS dot gov, or hire a tax pro, you call.

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Carol Terry

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Business, partnerships, self-employed people, sole proprietorships, and non-profit organizations can begin a Merrill Edge Small Company 401(k). So regardless of whether you have hundreds of employees or none, a Merrill Edge Small Company 401(k) might be the best arrange for you.

Posted on Jun 08, 2015

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David Payne

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