Solo 401k

[Cameron Skinner]

OK question for the solo 401k experts?  I have a business partner I've worked with in the past found a deal and it's really good commercial remodel, then sell.  He will do 100% of the work for a % of any profits.  I don't have enough in my Solo 401(k) to fully fund the deal.  

1 Can I create an LLC my partner would be the managing member 20%. The remainder 40% interest me 40% solo 401k. I will do no work except keep the books.