This year I created a ROBS legal service. For twelve years, I offered legal advice for about Rollover Business Startups (ROBS) arrangements. ROBS allows 401K plan investment of one’s own into a Corporation to start a new business or add capital to […]
This is part one of a two part article on ROBS setup issues.
1. ROBS Setup Issues – Corporation
Corporations can be set up in any state or US Territory. If the business is in a State other than the corporate filing, we also […]
ROBS Corp equity purchase diagram
What is an Equity Purchase?
In an equity purchase of an existing business, the purchaser buys the equity away from the existing owner. This type of purchase […]
Some people confuse the requirement to offer employees an option to buy stock in the company through the 401K Plan with offering stock options to employees. These are not the same thing. You may […]
A Rollover Business Startup (ROBS) forces a client to create their business with specific constraints. I recommend to clients to avoid a ROBS setup if you do not want these restraints. You want to feel awesome about getting up in the morning […]