I am located in NY. I have a PC (my business) and an LLC which holds the office space for my PC. The owners of the LLC is my self and my son. I am the sole owner of the PC. What are the rules of giving out a SEP contribution through the LLC? Am I allowed to do it? Is there any difference from the PC?
Additional info that might help: So when we created the LLC money was lent to that LLC from me and my son in order to purchase the real estate. So the LLC owes us money, the LLC receives rent from the PC.