Thank you for your question and thanks for using JustAnswer.com. Thanks for requesting me directly
Yes, you can have an individual 401(k) and employee 401(k) and contribute to both.
You can roll money from the Sep IRA into the 401(k) and vice versa, as they are both qualified plans
The plans for having two companies would not work, as it would still be a control issue and you still would have top heavy plans if you did not allow all employees equal access to your retirement plans, thus creating nonqualified plans
Your wife doesn't have to work at your company - she can have her own 401(k) plan somewhere else
You can transfer your 401(k) funds to either account that you open, that's completely okay
You can take loans out on the 401(k) plan only if your plan allows for it.
And yes, you can roll over your 401(k) balance to an IRA whenever you reach $100,000 that's okay as well
thanks for all the above clarification, what are my other options for reducing my tax liability and investing profit in a profitable way?
in reference to the question of opening two companies and working, i have seen some companies do that, how would have they implemented that strategy?