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[quote=Anonymous]Get an FEIN from the IRS. Give this to the company instead of your SS. Then set up an individual 401k at fidelity (easy, no fees). The individual 401k has the same contribution limit (17,500) as an employee plan, but also allows you to contribute 20% of your profit, so you can put more money in a tax advantaged account (total of 52k for contributions and profit share). Health care and the extra SS/Medicare tax will suck, but if there is potential for income growth and some stability the individual 401k can be a big bonus if you are a saver. [/quote]
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