Business funding through ROBS (Rollover for Business Start-Up) is a debt-free method to launch a new business using qualifying retirement funds. With this business funding option, there’s no taxable withdrawal or penalties. Plus, it offers additional benefits to help your business grow and succeed.
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Fund a cash-rich business
Instead of going in debt to purchase a business, you’ll have the ability to tap into existing retirement savings and put your hard-earned savings to work.
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ROBS is fast!
ROBS funding can be secured very quickly, unlike traditional methods like SBA loans that can take months.
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A direct route to profitability
Less of a debt burden on the business means a quicker path to profitability. Your decision to fund with equity and keep cash in the business allows you to grow quicker.
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Have greater control over your retirement account
The stronger the cash flow and profitability of your business, the more you’re able to contribute back into your retirement fund—tax-deferred!
ROBS-FUNDED BUSINESSES DESERVE EXTRA ACCOUNTING ATTENTION
ROBS funding is a fast, unique way to capitalize your business or franchise, but did you know specific accounting attention is necessary to remain in compliance? Here’s why…
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C- Corps have certain rules
A regular C-Corp and a ROBS-funded C-Corp have different regulations, especially related to personal expenses. Mistakes in this regard can result in big consequences including the Rollover being disqualified.
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The rules are always changing
Staying abreast of the current rules and how to structure changes, such as buying more stock in your C-Corp, is vital! Tax, penalties, and much more are directly related to compliance.
Your local CPA might not have knowledge or expertise with ROBS accounting. Some might even tell you NOT to use a ROBS at all due to their lack of in-depth understanding. In addition, self-education can subject your business to incorrect data, and DIY accounting takes time and effort away from actually operating your business.
Learn how to steer clear of common accounting mistakes that can cost your small business time and money.
Let the professionals at Specialized Accounting Services handle it!
Specialized Accounting Services (SAS) is your go-to accounting team with 15+ years experience working with owner-operated, ROBS-funded clients, including over 125 franchise brands! We understand the unique nature of reporting to franchisors and always prioritize on-time-accurate financials. We want to be your go-to accounting partner!
Getting Started
Contact Specialized Accounting Services (SAS) using our simple webform, and we’ll reach out to you. In an initial conversation, you can discuss your business funding needs. Once you engage with SAS, we’ll guide you through every step of starting your new business or franchise, ensuring a solid financial foundation for growth.
