BUY A BUSINESS WITH A 401K
Did you know it’s possible to finance the purchase of a new business with your retirement account? The process is called a “rollover business startup” and your 401k literally owns the new business.
Three Easy Steps
- Create your new company 401k plan.
- Rollover your current Retirement Plan into your new company 401k.
- Your new 401k invests in the business’ new C-Corporation. The shares of the new C-Corporation are now owned by your new company retirement plan.
Your are now ready to acquire the new business!
Mixed Ownership
If the business costs more than you have available in your retirement account it is possible to invest with your retirement account. Yes, it is possible to jointly own the business though timing is critical. Any joint ownership between disqualified parties must be made simultaneously.
Get Ready Today
As the old saying goes; be prepared. When negotiating the purchase of a new business for a retirement account all negotiation should be done in the account’s name or if the 401k’s C-Corporation has been completed in the C-Corporation’s name.
Although buying a business with your retirement account is not a difficult process though understanding the legal issues, planning and preparation are essential. The Retirement account must be able to make the acquisition and cover any costs the investment may require. The process to establish a Rollover Business Startup typically takes two to four weeks.
Want more information? Sign up for our upcoming webinar! Details are below.
Get Your Spot Now For: IRAs, 401k Plans, & Your New Business Startup (1 Hr.)
The life jacket you never knew you had… Whether it’s something you want to do or something you have to do, a rollover business startup could be the answer for you! Although buying a business with your IRA is not a difficult process, understanding the legal issues, planning, and preparation are essential.
Can’t attend live? You should still register! We will send out the slides and recording after the webinar to all registrants. Email cmoore@iraadvantage.com with any questions or concerns.
This free one-hour webinar will discuss the basics of rollover business startups. The class is taught by David Moore on Wednesday, March 10th at 10:00 am Pacific Time for 1 Oregon Credit Hour.
After registering, you will receive a confirmation email containing information about joining the webinar. No account needed.
Also Coming Up: Advanced 1031 Exchanges… THE FUN STUFF! (1 Free Credit)
It has been said the 1031 exchange could be applied to up to 64% of all real estate closings, yet almost 100 years after the process was started many investors still do not know of this powerful wealth building tool! This class will teach you about the more advanced 1031 Exchange options available, and how to use them. Prior attendance to one of our BASIC 1031 classes is strongly suggested.
This class will cover:
- Reverse exchanges
- Improvement exchanges
- Dealer status
- Seller carrybacks
This webinar is taught by David Moore of Equity Advantage, and will take place on Wednesday, March 17th at 10:00 am Pacific Time for 1 Oregon Credit Hour.
After registering, you will receive a confirmation email containing information about joining the webinar. No account needed.
HAPPENING NOW
What Is a “TRULY” Self-Directed Retirement Account?
“Truly” self-directed is one thing, but Wall Street “self-directed” is quite another. Join David Moore of IRA Advantage, LLC as he covers TRULY self-directed retirement accounts! Don’t trust your retirement to a generic “one size fits all” approach. Retirement funds can include real estate, precious metals, or you can even start or invest in a small business.
Your retirement can be done your way. Watch below and call us today to find out how!
The Guys With All The Answers…
David and Thomas Moore, the co-founders of Equity Advantage & IRA Advantage
Whether working through a 1031 Exchange with Equity Advantage, acquiring real estate with an IRA through IRA Advantage or listing investment property through our Post 1031 property listing site we are here to help Investors get where they want to be. About Us…
“Go confidently forward in the pursuit of your dreams; live the life you’ve imagined”
Call today to speak to the experts at IRA Advantage.
800-475-1031
Checkbook IRA | Real Estate Investments | 401K Buying a Business | Solo 401K
