Rollovers as Business Start-Ups (ROBS)-401(k) Plan Business Financing: A Personal Employment Act

Abstract

This article will outline the significant benefits and significant risks of using tax-deferred retirement assets to fund businesses. The first half of the article will focus on basic structure of the transaction and some Internal Revenue Service (IRS) and Department of Labor (DOL) regulatory matters that must be considered. The second half of the article will provide an analysis of on-going and start-up practical considerations to tax-free funding with retirement assets. [PUBLICATION ABSTRACT]