DIAL IN with DEB
April 09, 2024
by a lender in United States
How a mother-in-law and son bought a $3.5M established, profitable business with a $350k downpayment and bank financing backed by the SBA.
It sounds too good to be true, right?
But, what if I told you that you could use your 401k and IRA's tax-free to invest in your dream business acquisition?
Thanks to the IRS-approved ROBS (Rollover for Business Startups) program backed by the SBA, you can.
This family combined their former 401k and IRA's utilizing ROBS strategy to buy a successful $3.5M business:
❶ They formed a new C-corporation.
❷ This new corporation then established a 401k plan.
❸ They rolled over their previous retirement funds tax-free into their new 401k.
❹ Their 401k then bought the shares of the newly formed corporation.
❺ The corporation used the 401k funds to make the purchase.
The result?
A successful family-owned business with a growing 401k.
So, don't let lack of funding hold you back from your dreams.
With the ROBS strategy, you can unlock the door to your future.
Join DIAL IN with Deb on April 10th at 12pm CST via LinkedIn Audio for a ROBS Lunch-N-Learn with Suzy Granger, ROBS Expert with Guidant Financial.
Register here: https://lnkd.in/gDXA78Tj
It sounds too good to be true, right?
But, what if I told you that you could use your 401k and IRA's tax-free to invest in your dream business acquisition?
Thanks to the IRS-approved ROBS (Rollover for Business Startups) program backed by the SBA, you can.
This family combined their former 401k and IRA's utilizing ROBS strategy to buy a successful $3.5M business:
❶ They formed a new C-corporation.
❷ This new corporation then established a 401k plan.
❸ They rolled over their previous retirement funds tax-free into their new 401k.
❹ Their 401k then bought the shares of the newly formed corporation.
❺ The corporation used the 401k funds to make the purchase.
The result?
A successful family-owned business with a growing 401k.
So, don't let lack of funding hold you back from your dreams.
With the ROBS strategy, you can unlock the door to your future.
Join DIAL IN with Deb on April 10th at 12pm CST via LinkedIn Audio for a ROBS Lunch-N-Learn with Suzy Granger, ROBS Expert with Guidant Financial.
Register here: https://lnkd.in/gDXA78Tj