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Old 02-04-2009, 06:03 PM
Steve Pope
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Default LLC and Retirement plan

TP has been a sole proprietor for a number of years,
has a qualified plan (Solo 401(k) established, and
before establishing the plan obtained an EIN to identify
the plan. The TP is also the plan administrator.

TP is converting his business from a sole proprietorship
to an LLC in California, and wishes to carry over the
retirement plan to the new entity. Should he obtain a new EIN
to identify the LLC, or simply use the same EIN he's
had all along for the plan? (The latter seems logical
to me.)

Are there any other subtleties to this situation?

Steve

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