Before setting up a SIMPLE IRA plan, you must gather the following information:
Business Details:
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Business name, address, and industry
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Business structure (Corporation, LLC, Partnership, etc.)
Authorized Signer's Information:
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Full legal name
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Title or role within the business
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Contact information (email, phone, and mailing address)
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Identification document details
Beneficial Owner and Entity Officer Details:
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Full legal names of all beneficial owners and entity officers
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Title or role within the business
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Contact information (email, phone, and mailing address)
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Identification document details
Business Payroll Bank Account Details:
- Provide the details of the bank account from which the contribution is to be processed
Articles of Incorporation/Operating Agreement:
- Provide a copy of the company's Articles of Incorporation or Operating Agreement