Originally Posted by paulrichjr
You don't have to go through a corporation to so a business retirement plan. A self employed individual can do basically anything. In fact I believe I've seen him say he has no actual employees which means he can do a Solo 401k plan. (no 5500 due for years - 50k limit)
SEPs and SIMPLEs can also be done but with no employees there isn't a real good reason to do a SIMPLE.
Yep. I was under the impression that he already had a company and simply wasn't pulling down a salary, to avoid the whole payroll paperwork issue (which you can do easily online these days).
If ORH doesn't have a corp, he probably should have one to limit liabilities. He's in the transportation business.