small business retirement plan question

client owns a small business, XYZ co., that employs herself, a sibling, and two nieces, which has a SEP contributing for all four.

client owns a similar, related business, ABC co., that she also draws compensation from. She would like to establish a separate retirement plan for eligible employees.

the businesses have separate tax id’s but common ownership and identical employees. Can she establish a new SEP sponsored by ABC?



amazing! thx

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