Starting an SEP IRA in our LLC

[Mark Delosreyes]

My LLC has a modest portfolio of rental properties. However, in our local market, houses are selling fairly quickly at a solid price. We are considering shifting our business to flipping houses, instead of BRRRR'ing. As an accountant, I've built in capital gains taxes in our models to figure out our net profit on potential flips. Does anyone have experience with setting up an SEP IRA in your LLC? It seems there's a contribution limit of the company's net profits. If so, does anyone contribute to these IRA's within your LLC to offset capital gains taxes? Thanks!