Contributions to a retirement plan can only be made from compensation, which, in the case of a selfemployed individual, is earned income. With a Solo 401(k), a self-employed business owner can make contributions as both the employee and the employer.We have explored a few great retirement structures for SCorps. These plans will allow substantially more contributions and flexibility compared to the SEP IRA. Sole proprietors, partnerships, and corporations, including S corporations, can set up SEPs. Residents can use this helpful step-by-step instruction guide to get their small business started in Fort Worth. Tarrant County offers an optional tax-deferred retirement savings program called Deferred Compensation (457(b) plan). Find out who your Division Commander is, Neighborhood Police Officer (NPO) and more. Most claims, including auto, home, condo, renters, motorcycle, snowmobile, and off-road vehicles can be taken care of in My Account. As a result of his investment success, Buffett is one of the best-known investors in the world.