Are you considering launching a start-up but unsure how you’ll come up with the funding? Are you currently looking at options to bring to life the next stage of your business and grow?
A ROBS transaction might be the answer you’ve been looking for.
In this episode Malcolm Ethridge sits down with Doll Lank, partner at KLB Benefits Law Group, to discuss different types of plans ERISA offers and the unique ROBS funding technique for C corporations. Doll shares the risks and benefits of ROBS plans and how they allow you to use your retirement savings to fund your start-up.
Doll Lank discusses:
- The different types of retirement plans eligible for a ROBS transaction and what role ERISA plays in the transaction
- What types of businesses are eligible to use a ROBS and which ones are not
- The risks and benefits you must take into account when considering a ROBS transaction to fund your business
- The importance of seeking good guidance and working with a professional to help you avoid ERISA violations
- And more