ROBS Transactions

/Tag:ROBS Transactions

Glossary: ROBS Transactions

By | October 28th, 2016|Categories: Glossary|Tags: , , |

In the tax world, the term "ROBS" stands for "Rollover for Business Startup." In a ROBS transaction, a person uses existing retirement account money to fund the startup of a new business, and if done right, the transaction is tax-free.

Comments Off on Glossary: ROBS Transactions

ROBS Transactions – Be Very Careful of Using Retirement Funds to Start a Business

By | July 9th, 2014|Categories: Small Businesses Taxes|Tags: , , , |

True scenario that happened a couple of years ago: A client asked the following: I have $20,000 in a retirement account with a former employer. My husband wants to start a new business. We were thinking that he could hire me as an employee, and then form a retirement plan under the business. I would transfer [...]

Comments Off on ROBS Transactions – Be Very Careful of Using Retirement Funds to Start a Business