Latest blog postings

Manage your ROBS business
May 17 - 2019

This is part two of a two part article on ROBS setup issues. Click here for part one.

May 09 - 2019

This is part one of a two part article on some things to consider when creating a ROBS setup.  

May 03 - 2019

What is a ROBS Corporation idea worth these days? You just know your idea is worth a million dollars. You bring $100,000 from your plan into the corporation and youcontribute your $1M idea. May your corporation issue you $1M worth of stock for your idea? No.

Apr 25 - 2019

I researched Rollover Business Startups in news articles this morning, looking for something other than marketing pieces by the big name promoters. One search result pointed to a 2016 Huffington Post article.

Apr 17 - 2019

Someone called recently to ask whether I offer an audit guarantee. I informed her that I do not, then asked why she thought it necessary.

Apr 11 - 2019

If two unrelated people create a ROBS funded corporation together, what happens to the plan stock if one of them passes away?

Apr 04 - 2019

If done incorrectly, taking an SDIRA distribution can disqualify your IRA. If the IRS disqualifies your IRA, you owe taxes on the entire IRA backdated to Jan 1 of the year of the disqualification plus interest.

Mar 28 - 2019

You may own cattle in a self-directed IRA! I grew up around dairy farms. During my teenage years I met another teenager who said he also lived "on a farm". As he described life on a cattle ranch, I became awestruck at the differences on a work day between dairy and cattle operations.
Mar 21 - 2019

Last spring I taught a two-hour class on rollover business startups (ROBS) to the NW chapter of enrolled agents. I also learned a few things about enrolled agents and even something about ROBS.

Mar 14 - 2019

What is a true ROBS upside to you? In our last post, we looked at the downsides. Now, let’s look at what works well about creating a business with ROBS funding.

Choosing Your Plan Admin
Mar 07 - 2019

Investing your retirement funds into your own business provides several key advantages or upsides which I will cover next week. This week we'll cover the risks, the downsides to adopting a ROBS strategy.

Cannabis Companies
Feb 28 - 2019

Since the US Federal government still considers Cannabis a Schedule 1 drug, cannabis companies allowed by State law experience difficulty opening bank or financial service accounts.

Use the Tax Code to our Advantage
Feb 20 - 2019

This is a collection of wisdom gleaned from the regulations and from helping hundreds of people walk through this process.

Goose Farm
Feb 15 - 2019

You enjoyed a goose for your Dickens Christmas dinner (and leftovers) and decided that a goose farm is a good investment for your retirement dollars. What are the differences in purchasing this farm through a self-directed IRA or a rollover business startup?

Funding Your Own Business Startup
Feb 07 - 2019

ROBS (Rollover Business Startup) is a mechanism you can use to create a business with your own retirement funds. Do your goals for 2019 include starting your own business? Do you want to use some of your own retirement funds to help launch your enterprise?

Jan 29 - 2019

ROBS and SDIRA clients face the same initial decision, where to incorporate their corporation or LLC. I recommend that, absent a clear and convincing reason to pick a different State, choose your home State. Here are some factors clients want to look at before making a final decision.

CA Annual LLC Tax
Jan 23 - 2019

I first heard of using a Trust with an LLC when John Park of PGI Self-Directed called me to ask whether the idea would work for his clients. I love creative thinking, yet the idea seemed odd to me at first.

ROBS Asset Purchase Diagram
Jan 18 - 2019

In an asset purchase of an existing business, the purchaser of the new business purchases the assets of the existing business. This type of purchase results in your Corp becoming the owner of the business operations.

ROBS Equity Purchase Diagram
Jan 15 - 2019

In an equity purchase of an existing business, the purchaser buys the equity away from the existing owner. This type of purchase results in your Corp becoming the owner of the existing legal entity. All liabilities transfer to the buyer by operation of law, wanted or not.

Jan 09 - 2019

A recent article on Entrepreneur touts one of the benefits of a rollover business startup as “partially fund their business ventures using their current 401(k) savings and then funnel some of their new business’ profits back into their retirement account completely free of taxes!” The author is c


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