Don’t put your dreams on hold. Finance your own business with your own money.
Use your 401(k) or IRA to finance your own business to start out debt free.
If you’ve always wanted to start your own business but felt overwhelmed by the financing process, it’s time to look into 401(k) business financing. Also known as Rollovers for Business Startups (ROBS), this financing method enables you to collect your own money from your own retirement account to start or buy a business — without incurring fees or penalties.
Banks are highly likely to reject a loan for a small business, and, if you’re in the minority of applicants who get approved, your business starts out both in debt and at the mercy of interest rates. If you turn to private investors, you no longer own 100 percent of your company. But with ROBS financing, you can start your business out debt free, putting you fully in control of your investment.
Fund your business using Rollover Business Financing (ROBS) in five simple steps.
Form a C Corporation
Create a 401(k) plan for your corporation
Rollover your personal retirement account to your new company’s retirement plan
Use your new retirement plan to buy stock in your corporation
The funds become available
Success Stories
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Your 401k to Buy a Business
Your ROBS Team
Located near Seattle, Washington, 401k ROBS Pros was founded by Frank Selden, one of the nation’s top legal experts on ROBS and a former tax attorney. He works with client across the US, from start to finish to ensure the job is done correctly. Our goal is to get you the information you need to make an informed decision, and we’ll even refer you to the best third-party administrator (TPA) who will customize your plan to suit your company. The TPA will administer your 401(k) plan for you, leaving you to run your business.
