Need money to open your dream business?

Give it to yourself.

Use your 401(k) or IRA to finance your own business to start out debt free.


Learn more about Rollover Business Startup by downloading our free ebook.

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.

Discover why using your retirement funds to start a business makes sense.

Simplified Qualification

Simplified Qualification

With 401(k) business financing, you don’t have to have perfect credit, experience or referrals, and you don’t have to put up collateral — you’re simply giving yourself money you’ve already earned that’s sitting in a retirement account such as a 401(k) or an IRA.

It’s Not a Loan

Instead of borrowing money, you’re simply gaining access to your own money. There’s no payback schedule or interest to worry about.
Icon_Start Out Free of Debt

Start Out Free of Debt

By starting your business debt free, your overhead is significantly minimized, and you don’t have to risk any equity you’ve built up in your collateral — often your home. Instead, you can start turning a profit much sooner than a business that was started with a traditional bank loan.
Icon_Fast Funding

Fast Funding

While a typical bank loan can take up to six months to come through, ROBS gets you access to your money quickly: Most of our clients have their money in hand within 2–3 weeks.


Deferred Tax Benefits

Aside from not having to pay taxes or penalties on early withdrawals, your new business will also be subject to many tax-deferred benefits throughout its operation (as well as when you leave it).
Fund your business using ROBS in five simple steps.

Step 1

Form a C Corporation

We’ll walk you through the process of creating a C Corporation. This type of business entity is legally separate from both the investor (you) and your retirement plan.


Step 2

Create a 401(k) plan for your corporation

Next, we’ll custom design a new 401(k) plan for your corporation based on how you envision your company’s growth.

Step 3

Rollover your personal retirement account to your new company’s retirement plan

Now that your C Corporation’s retirement plan is set up, you can move your existing retirement funds into your new retirement plan.

Step 4

Use your new retirement plan to buy stock in your corporation

The fourth step is to use the funds in your new retirement account to purchase stock in your new C Corporation, which means issuing ownership shares of it.

Step 5

The funds become available

Once you’ve purchased your own stock, those funds are now available to start, buy or expand your business, and they can be used for any normal business expense — they may not be used for personal expenses that only benefit you.

“My research into ROBS revealed two absolute truths: the process is complex and it needs to strictly adhere to IRS and DOL regulations. I turned to Frank because I liked the idea of a lawyer/client relationship. Frank was knowledgeable, patient and very generous with his time. He never made me feel like the meter was always running.” – Scott M.
Qualify for ROBS with most retirement plans.
Your level of financial expertise isn’t important when it comes to ROBS financing. The only thing you need is $50,000 in a qualifying retirement plan, and, luckily, most plans qualify.

This type of plan is usually employer-sponsored, and it is the most commonly used plan in regards to ROBS.

Traditional IRA
This is another popular plan where you can invest your pre-tax income to grow tax-deferred. Roth IRAs are a completely different type of plan, and they do not qualify for ROBS funding.

A Simplified Employee Pension (SEP) plan enables employers and self-employed individuals to easily contribute toward their employees’ (or their own) retirement.

Also known as a tax-sheltered annuity, this retirement plan is geared toward certain public-school employees, ministers and tax-exempt organizations.

This tax-deferred pension plan is normally found amongst the self-employed, as well as unincorporated businesses.

The Thrift Savings Plan (TSP) is a retirement and savings investment plan reserved for federal employees and certain military members.

“Your patience in explaining/teaching the ROBS process is unrivaled —we communicated over the course of 12 months BEFORE I signed the contract. That, along with the thoroughness and care for your clients after the sale, is why I count myself as extremely fortunate and blessed that we connected. Can’t thank you enough for your help!” – Tom P.
Experience the Frank Selden Difference
At Frank Selden Law, we guarantee your ROBS setup will be created and managed by an attorney who represents you throughout the entire process — not just when documents are being signed. And we will refer you to a trusted 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.
Frank Selden
“Frank Selden Law was instrumental in the creation of my corporation using my IRA funds. Frank and his team are well versed in the process and, from start to finish, made it effortless and simple to execute. There are plenty of companies that claim to handle the ROBs process — but they’re just marketing firms, whereas Frank’s experience is evident from day one.” – Bryan V.

Learn more about Rollover Business Startup by downloading our free ebook.

P: (425) 990-1021
Free Consultation

Free Consultation

FRANK SELDEN LAW, PS 22722 29th Dr SE Ste 100 Bothell, WA 98021
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