Creating an entity to contribute to a 401(k)

[Michael Kambic]

Hello,

I do real estate flips currently under my own name (I know lots of liability risk), but the up side is I pay capital gains tax at a lower rate then a pass through LLC.

Can I create an LLC that has no income, so that I can contribute to a 401(k)? I would personally fund it to make these contributions.

The reason is that I will setup an LLC with a partner per "flip", so the entity will only last a few months, but I would like to protect retirement funds in the meantime.

Thanks,

-Mike