I received a link to this site from an email sent to me by my husband and quickly realized this is a great place to gain more knowledge.

I realize I can only contribute based on the taxable income of the LLC, but can I use the LLC as a business to establish the solo k from?

The problem you brought up may be more prevalent than a lot of us realize.

McKee, I add the middle initial having realized there are others with the same name, and I am very excited to join you.

I'm still a bit confused, but realize that whoever I use to set this up will know all these technical details.For instance when Doreen says: "Your company will have one Solo(k) plans with two participants - you and your wife

Although I would argue that we spend as much time on this business as our day jobs, my main goal is to minimize the taxes paid on the supposed income that we haven’t yet realized.

Realizing I will make mistakes...don't harp on them, keep it moving!!!

And realize that just as you are trying to evaluate them, their skill, professionalism, attention to detail, organization.

I realize there are a lot of different ways to do it so tell me what you would do

I realize that something scared an investor away from it once but the other part of me says that there has to be a way to obtain these if you are willing to do the work...I AM WILLING.