There are limited ways to buy a business. You can pay cash, get SBA financing (tough), leverage seller financing…or use the little known but very effective ROBS program with BENETRENDS .
Rollovers as business start-ups (ROBS) are arrangements in the United States in which current or prospective business owners use their 401(k), IRA or other retirement funds to pay for new business start-up costs, for business acquisition costs or to refinance an existing business. In 2008, the Internal Revenue Service set up the ROBS Compliance Project to monitor such arrangements.
Today we took a moment to speak with Eric Schechterman of Benetrends who in a short 30 Minutes takes us through the ins and outs of the program.
Transworld Business Advisors is the largest business brokerage in the world. Orlando Business Broker Michael Shea is the Senior Broker and has sold more businesses than any broker in Trasnworlds 260 offices world wide. A subject matter expert in small business and navigating the purchase process Mr. Shea welcomes your inquiries. Free consults are available by calling 321-287-0349 or emailing him at email@example.com.
Transworld Business Advisors is part of United Franchise Group of brands. With 40 years of business brokerage experience, Transworld Business Advisors is in the business of helping buyers and sellers connect, conduct franchise consulting, and franchise development. The company represents acquisition-minded corporations or individuals interested in owning their own company or franchise. From business brokerage to mergers and acquisitions, Transworld Business Advisors are business sale specialists that represent numerous listings across multiple industries. For more information on owning a Transworld franchise, visit www.tworldfranchise.com.