All Forum Posts by: Kalib Williams

@Brian Eastman I do not currently have a solo 401k I do though have a new LLC that currently hasn't begun operating. I was asking the questions because I was curious on the rules and if I may benefit from incorporating a solo 401k plan along with the current LLC business model.

@Brian Eastman I have one more question I'm curious about , I know a self directed 401k LLC is not allowed to apply for a business credit card because I must sign for it personally, but can the 401k obtain the LLC if the LLC already has a business credit card that I previously signed for personally to build business credit the and also possibly a mortgage that I signed for because they would not lend to business in the beginning I had to personally sign too?

@Brian Eastman Thankyou for your knowledge and clarification!

@Brian Eastman what about through a private lender

I know a self directed 401k LLC is not allowed to apply for a business credit card because I must sign for it, and am permitted via disqualified persons rule....but, can the 401k obtain the LLC if the LLC already has a business credit card that I previously signed for personally to build business credit the and also possibly a mortgage that I signed for because they would not lend to business in the beginning I had to personally sign too?

Thankyou.

Is it allowed to obtain a heloc on a property owned by the LLC and the LLC is owned by a self directed 401k?