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Ultimate Guide to Rollovers as Business Start-Ups (ROBS) Part 1
Manage episode 506543593 series 3617764
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This is a discussion of the book: "Ultimate Guide to Rollovers as Business Start-Ups (ROBS)," part of the larger Bigger Bottom Line Ultimate Guide Books Series (Amazon).
This guide book comprehensively explores Rollovers as Business Start-Ups (ROBS), a method allowing entrepreneurs to use retirement funds to finance new ventures without early withdrawal penalties. It details the mechanics of ROBS, including establishing a C corporation and a 401(k) plan, and outlines the advantages, such as debt-free financing and no credit checks. The guide book also examines potential risks and disadvantages, like jeopardizing retirement savings and navigating complex regulations, and compares ROBS with other funding options. Expert perspectives from the IRS and legal fields are included, along with a step-by-step guide to implementation and resources for further information, ultimately helping readers determine if ROBS aligns with their entrepreneurial goals.
For detailed guidance in starting or managing your business, click to view the hundreds of books and articles at "Bigger Bottom Line". The entire book is available on our website. About Daniel and Matthew Rung.
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Business Loan Calculators useful for analyzing business loans.
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