The Business Acquisition Compliance & Support Solution (BACSS)
Are you an entrepreneur having trouble getting financing for a new business?
The IRA Financial Group’s Business Acquisition Structure is your solution!
Use your retirement funds to purchase a new business or franchise tax-free and without penalty!
It’s 100% IRS compliant.
The Employee Retirement Income Security Act of 1974 (otherwise known as ERISA) and the Internal Revenue Code firmly establish that retirement funds may be used to acquire or invest in a new or existing business as long as the transaction complies with IRS and ERISA rules and regulations. Because the IRS has stressed the importance of one-hundred percent compliance with these rules, it is crucial to work with a company that is operated by a team of in-house tax and ERISA professionals who have worked at some of the largest law firms in the United States, including White & Case LLP and Dewey & LeBoeuf LLP to ensure the structure is fully compliant with IRS and ERISA rules. While our competitors were promoting this type of structure, which in many cases failed from a compliance standpoint, the IRA Financial Group’s in-house retirement tax professionals spent the last two years reviewing IRS materials in order to develop the Business Acquisition Compliance and Support Structure (“BACSS”). BACSS was designed as an IRS and ERISA compliant structure for using retirement funds to acquire or invest in a business tax-free!
The IRA Financial Group’s retirement tax professionals will work with you directly to develop an IRS and ERISA fully compliant business acquisition or funding solution customized to your individual business, financial, and retirement needs.
Take control of your future now!
Use your retirement funds to buy a new business or franchise tax-free!
Did you know? There is no annual reporting for your Solo 401(k) Plan if the plan is worth less than $250,000.