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URL:  http://boards.fool.com/i-could-be-wrong-but-my-understanding-of-solo-18319286.aspx

Subject:  Re: Solo-K's Date:  12/19/2002  11:12 PM
Author:  foobarista Number:  62622 of 121341

I could be wrong, but my understanding of solo K's(like that moniker!) is that the participant or their spouse must be the only employee of the company.

buzman


That is my question - since she isn't an employee in terms of getting
a W2, is she eligable to open a solo-K? The IRS certainly thinks she's
self-employed - she will have to pay self-employment tax. Or, more
generally, is a commission-only salesperson considered an employee?

--Foobarista
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