We get asked all the time, “How do I use my 401(k) to start a business without paying penalties and taxes from early withdrawal?” The answer comes from two sets of laws which work in tandem with one another. The first is the Internal Revenue Code (IRC) § 4975 (d)(13), and the second is ERISA […]
Archives for November 2021
How a ROBS Arrangement Works
Most businesses start something like this — you wake up one day and go, “Eureka! I am going to start my own business.” You kick on your shoes, roll up those sleeves, brag to all your friends, and get to work! Then everything evolves over time from there. If your idea works, then you grow […]