Hi,

So I’m a bit new to understanding all this. I’m a partner under one LLC with my father as an”officer” since I joined partnership mid way of the business. The business is an s corp & I receive a schedule k-1 every year. We have another business that I also get paid from but have no ownership. Both businesses im In receive a W2. I’m really trying to set myself up for retirement and want to open a 401k. We can’t afford to offer all our employees a 401k so can I open a uni-401k or sep 401k? I talked to my father about it and he says I can’t but I don’t trust him. I have a Roth IRA that I also need to do a back door ira next year. (Might of gone over the income limit this year but not sure from any business losses)