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SEP IRA
Established and funded by a business (including a sole proprietorship)
Must be established and funded by the employer's tax filing deadline, including extensions
Contribution limit is 25% of compensation or $45,000, whichever is less.
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If you own a business, this may be the plan for you! Find out about its benefits and eligibility requirements.
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As long as you have no ownership in the company for which you work full-time and the only relationship you have with the company is as an employee, you can establish an independent 401(k) for your limited liability company (LLC) and fund the plan from the earnings you receive from the company.
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Find out how butter up new clients, build up old files and better your bottom line.
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Ownership plays a key role when companies go public. Find out how.
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Learn how to protect your money from lawsuits, creditors and other judgment proceedings.
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Don't hesitate to adopt a smart plan for you and your employees.
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Don't go to work without this policy in place - especially if your work is in your home.
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For one, it wasn't Adam Smith. One person strangely overlooked in Smith's free market masterpiece, The Wealth of Nations, is the entrepreneur. This is because the term was actually coined by an admirer of Adam Smith's book. Entrepreneur is a French word coined by the economist Jean-Baptiste Say, and ...
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Find out whether you have "living dead" stocks lurking in your portfolio.
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One person often deals with the finances in a relationship, but being ignorant has a cost.
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Surprisingly, opening a Swiss bank account is not that much different from opening a standard bank account because you have to fill out forms and provide documentation that proves who you are and what you do. However, due to some special circumstance regarding privacy, the level of scrutiny over providing ...
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Learn how to warm up prospective clients to your business and your abilities.
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Find out how to protect yourself and your loved ones from financial fraudsters.
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Find out what it takes to get a spot in these ultra-lucrative areas of finance.
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Could incorporating your business help protect it? Find out here.
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There are two main markets where securities are transacted: primary and secondary. When stocks are first issued and sold by companies to the public, this is called an initial public offering (IPO). This initial or primary offering is usually underwritten by an investment bank that will take possession ...
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Yes. The same rules that apply to investing Traditional and Roth IRA assets applies to SEP IRA assets. Therefore, providing the limited partnership investment is permitted under the Internal Revenue Code, and it can be held in the SEP IRA. Of course, the investment would have to be done with a custodian ...
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The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. government that protects you against loss of deposit if your bank is FDIC insured. Banks are not mandated to be FDIC insured, but being insured has become a point of competition among banking institutions.
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Find out how this invention contributed to the development and evolution of the U.S. economy.
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Do you know why companies merge? Here we'll take a look at three successful company acquisitions and why they succeeded.
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The BBB is one resource to help you connect with the best product/service providers in your area.
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The services we rely on, like education, law and security, were built on taxes.
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Merchant banks and investment banks, in their purest forms, are different kinds of financial institutions that perform different services. In practice, the fine lines that separate the functions of merchant banks and investment banks tend to blur. Traditional merchant banks often expand into the field ...
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The first step to answering this question requires defining the term "private corporation". Many times, the term "private corporation" refers to a privately held company that is either a sole proprietorship (one owner) or a partnership (multiple owners).
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Skip the first step and build off of someone else's successful business model.
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Find out which companies collapsed after merging.
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Thinking of adding a loan feature to your company's plan? Here's what you need to know.
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Give your business what it needs to thrive and it will reward you for years to come.
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This funding is one of the forces that drives capital market valuations.
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An initial public offering (IPO) is the first sale of stock by a company. Small companies looking to further the growth of their company often use an IPO as a way to generate the capital needed to expand. Although further expansion is a benefit to the company, there are both advantages and disadvantages ...
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Here are the answers to all the questions you have about stock exchanges but are too afraid to ask!
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An important part of being an entrepreneur is pitching or making the case for the product, project or idea you intend to sell. An elevator pitch is a condensed, easy-to-understand version of a business pitch that is delivered in the time it takes to ride an elevator.
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It depends. If your business is unincorporated, and you have net earnings from self-employment, you are eligible to establish and fund a retirement plan, including a SIMPLE IRA, based on that income. The IRS defines net earnings from self-employment as gross income from your trade or business minus allowable ...
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Both Series 9/10 and 24 are the exams that must be completed by a principal before he or she can supervise certain sales activities. According to the Financial Industry Regulatory Authority (previously the National Association of Securities Dealers), a principal who has completed the Series 24 examination ...
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The principles that contribute to success in business can also help you achieve your financial goals.
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Common sense or common folly? Discover some approaches to circumventing typical stumbling blocks on the road to profitable investing.
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It is very unlikely that you will find a qualified plan or an IRA-based plan that will allow the employer to exclude other employees, as all employees must be allowed to participate in the plan when they meet the eligibility requirements. An alternative is to include strict eligibility requirements in ...
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Interest in these new energy sources is growing. Should you buy in?
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A rainmaker is any person who brings clients, money, or respect to an organization based solely on his or her association. Traditionally, the term "rainmaker" applied to members of the legal profession, like attorneys-turned-politicians who retired from public life (forcibly or otherwise) and went on ...
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If your business has hit a wall, we've got the answer to break through and increase sales and earnings.
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Find out how TIPRA plans to slash taxes for those in the 10-15% tax bracket.
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In a word, yes. A limited liability company (LLC) is eligible to establish a simplified employee pension (SEP). Keep in mind that plan contributions (including SEPs) are usually based on W-2 wages if the business is a corporation. This means that you may need to pay yourself W-2 wages in order to be ...
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Standard liability coverage may not be enough. Special needs call for specialized policies.
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Gain a deeper understanding of aggregate supply and demand, forces which raise the price of goods and services.
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Make a career out of chasing down the "next big thing".
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Money in the bank and newfound free time make this grueling process worth the trouble.
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It depends. The employee should meet not only the service requirements, but the age and compensation requirements as well. For instance, if your simplified employee pension (SEP) requires employees to be at least 21 years old before becoming eligible to participate in the plan, employees under age 21 ...
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Business owners need to take note of how they handle qualified-plan distributions to former employees.
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Rather than be a jack-of-all-trades, an owner should rely on a network of trusted experts.