A well structured 401k plan can be a major plus for your future financial security — even when you’re the owner of the company.
Assets that stay in the business’s name are subject to liability lawsuits, tax liens, or claims for other owners. Money that you take out, though, isn’t always deductible, and is subject to taxes. That’s where having a 401k for your business can help you substantially.
Consider the advantages for you:
Setting up a 401k can be a maze of regulations and compliance issues, as well as hidden costs. If you’d like to harness the advantages of this program for your business, give us a call and OEM can help you do it, painlessly!
This posting is for general information purposes, and is not a substitute for qualified legal or financial advice. Please consult with a professional before making specific decisions about your own set of circumstances.