Latest blog postings | Frank Selden Law

Latest blog postings

Mar 27 - 2020

Contracting issues create a unique opportunity for Engineers (and similar professions) to use a Rollover Business Startup (ROBS) to land important contracts. Some of my clients leave firms to launch out on their own. Their goal is to work as a consultant.

go for the WIN
Mar 24 - 2020

A caller inquired about whether I believe our current economic uncertainty is a good time to initiate a ROBS setup. Here are three reasons why this could be a great time to start a business with your own retirement funds and one reason to hold back. He decided to move forward. Here's why.

Mar 20 - 2020

The acronym ROBS was created by the IRS in 2008  to refer to a business funding arrangement that existing promoters marketed under different names.

Mar 12 - 2020

The IRS' ROBS Compiance Project details specific concerns with ROBS arrangements.

Cannabis Companies
Mar 03 - 2020

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.

Feb 28 - 2020

An IRA Trust, as an investment tool for the IRA, is a new concept for many IRA owners.

Courtroom
Feb 26 - 2020

This post by an attorney cautions against creating a rollover business startup (ROBS) transaction. His reason? The Peek and Fleck v.

Feb 14 - 2020

You may not directly invest your IRA into your business.

Inner Details Matter
Jan 30 - 2020

One attorney cautions against creating a rollover business startup (ROBS) transaction. His reason? The Peek and Fleck v.

Goose Farm
Jan 22 - 2020

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
Jan 14 - 2020

ROBS (Rollover Business Startup) is a mechanism you can use to create a business with your own retirement funds. Do your goals for 2020 include starting your own business? Do you want to use some of your own retirement funds to help launch your enterprise?

Oct 29 - 2019

This is a reprint from an article posted by Leading Retirement Solutions. Their article can be found here.

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Jul 25 - 2019

Is Peek and Fleck v Commissioner a ROBS case? I recently read a blog post on an attorney website cautioning people from using a rollover business startup (ROBS) funding in light of Peek v.

Jun 27 - 2019

A 2014 bankruptcy case, In re Cherwenka, dealt with prohibited transaction claims against a self-directed IRA owner who used his IRA to invest in real estate.

Jun 20 - 2019

A new client expressed concern that he had to return profits to the 401k plan based on its percentage of ownership. Returning earnings to shareholders are allowed in the form of dividends, but not required. 

Jun 06 - 2019

Does funding your corporation with a 401K plan create ROBS salary limits for yourself? Or, are you allowed to pay yourself whatever you want?

Buy Mexico real estate with an IRA
May 23 - 2019

Buying Mexico Real Estate with IRA funds requires several additional steps to buying real estate in the US. I have helped several clients purchase real estate in Mexico and love traveling there.

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.

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