With a reduction in the corporate income tax rate from 35% to 15%, operating a business via a C Corporation will become more tax efficient and should increase the popularity of the ROBS solution
New York, NY (PRWEB) April 24, 2017
IRA Financial Group, a provider of Rollover Business Startup Solution (“ROBS”) solutions, expects to see a boost in the popularity of the ROBS solution
Based on President Trump’s tax plan, which calls for a reduction in the corporate tax rate from 35% to 15%.
The rollover business start-up (“ROBS”) arrangements typically involves rolling over a prior IRA or 401(k) plan account into a newly established 401(k) plan, which a start-up C Corporation business sponsored, and then investing the rollover 401(k) Plan funds in the stock of the new C Corporation. The funds are then deposited in the C Corporation bank account and are available for use for business purposes. The ROBS 401k solution is a tax efficient way for any entrepreneur looking to use IRA fund to buy a business or franchise without incurring any tax or penalty from an IRA distribution. “With a reduction in the corporate income tax rate from 35% to 15%, operating a business via a C Corporation will become more tax efficient and should increase the popularity of the ROBS IRA solution with entrepreneurs looking to use retirement funds to buy a business,” stated Adam Bergman, a partner with the IRA Financial Group.
The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP, Dewey & LeBoeuf LLP, and Thelen LLP.
IRA Financial Group proudly announces the latest book titled “The Checkbook IRA” written by tax partner Adam Bergman, which is now available on Amazon. Mr. Bergman has written six books on the taxation of self-directed retirement plans including, the best selling book,“Going Solo” , which is also available on Amazon.
IRA Financial Group is the market's leading provider of self-directed IRA LLC and Solo 401(k) plans. IRA Financial Group has helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate without custodian consent.
To learn more about the IRA Financial Group please visit our website at http://www.irafinancialgroup.com or call 800-472-0646. To learn more about establishing a self-directed IRA account with the IRA Financial Trust Company please visit http://www.irafinancialtrust.com or call 800-472-1043.