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ROBS 401(K) Plans

ROBS C-Corporations vs. S-Corporations [Part 1]

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At Baum CPA we are routinely asked about the tax implications of starting a ROBS, and all too often we are asked if an S-Corporation would make more sense. For those who are not yet familiar with the term, ROBS stands for Roll-Over as Business Startup, where an entrepreneur restructures their 401k retirement plan to […]

The Advantages of ROBS [Part 2]

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In this article we continue with some of the most advantageous reasons why a Roll Over as Business Startup (ROBS) works for some entrepreneurs, and discuss further insights as to why we want to leverage these concepts to the entrepreneurs’ advantage.

Financial Analysis for Your Small Business

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Comparing key financial ratios for a business against industry standards and with its own past results can highlight trends and identify strengths and weaknesses in the business. Financial statement information is most useful if owners and managers can use it to improve their company’s profitability, cash flow, and equity value. Getting the most mileage from […]

The Advantages of ROBS [Part 1]

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In this article we will cover some of the most advantageous reasons why a Roll Over as Business Startup (ROBS) works for some entrepreneurs, and discuss some insights as to why we want to leverage these concepts to the entrepreneurs’ advantage. Sufficient Working Capital All too often, small businesses fail because the entrepreneur didn’t do […]

The Legality of ROBS arrangements

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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 […]

How a ROBS Arrangement Works

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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 […]