Who is a candidate for a Solo(cb)?
There are two key requirements: business type and income.
- An unincorporated business that employs only the business owner and spouse
- A partnership that employs only partners or partners and their spouses
- Corporations (or an LLC taxed as a corporation) that employs only shareholders and their spouses
A word on non-owner employees: if a business has non-owner employees but none of them have ever worked 1,000 hours in a 12-month period starting with their date of employment, this business may establish a Solo(cb).
- An individual needs to have income from self-employment
- Income should be substantial and recurring
What is a Solo(cb)?
When does it make sense?
How does it compare to others?
Why a Solo(cb)?
What are typical occupations?
See Case Studies
Access Solo(cb) Kit
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