Are you an entrepreneur who has trouble getting financing for a new business? Then the IRA Financial Group’s Business Acquisition Solution is perfect for you. Use your retirement funds to purchase a new business or franchise tax-free and without penalty; it’s 100% IRS compliant.
The ERISA of 1974 and the Internal Revenue Code establish that retirement plans may acquire or invest in a new or existing business. This is as long as the transaction complies with IRS and ERISA rules and regulations.
The IRS stresses the importance of one-hundred percent compliance with these rules. Therefore, it’s crucial to work with a company that operates by a team of in-house tax and ERISA professionals.
IRA Financial Group
Our professionals have experience working with of the largest law firms in the United State. This includes 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”). The design of BACSS is for an IRS and ERISA compliant structure to use retirement funds in acquiring or investing in a business tax-free.
Did you know?
You can have your spouse as an employee of your business and still qualify for a Solo 401(k) Plan.