The IRA Financial Group was founded by a group of top law firm tax and ERISA professionals who have worked at some of the largest law firms in the country, including White & Case LLP and Dewey & LeBoeuf LLP.
In developing our Business Acquisition & Compliance Solution Structure (“BACSS”), our in-house retirement tax professionals have carefully examined and researched IRS and Department of Labor guidance to design a structure that is fully compliant with IRS and ERISA rules. Each client of the IRA Financial Group is assigned an individual retirement tax professional who will help customize a structure that satisfies his or her financial and retirement needs while ensuring the structure is developed in full compliance with IRS and ERISA rules and requirements. Our services include:
- Establishment of “C” Corporation including Filing Fees;
- Filing LLC Articles of Incorporation with the state;
- Application for Corporation EIN;
- Drafting all required initial corporate resolutions and minutes;
- Drafting of customized Stock Purchase Agreement;
- Drafting of customized Employee Stock Purchase Agreement;
- Free consultation with in-house retirement tax professional on the BACSS structure;
- Adoption of 401(k) Plan;
- Basic Plan Document;
- EGTRRA Amendment;
- Summary Plan Description;
- Trust Agreement;
- Appointment of Trustee;
- Beneficiary Designation;
- Application for Plan trust EIN;
- Assistance in the establishment of business and 401(k) Plan bank accounts;
- Assistance with the transfer of funds to your new 401(k) Plan bank account;
- Assistance in coordinating the completion of all IRS required information returns
- Assistance in coordinating the acquisition of an independent business appraisal;
- Free consultation with in-house retirement tax professional on the BACSS structure;
- Tax support on the BACSS and the 401(K) Plan; and
- Annual compliance review
We have developed a process that ensures speed and compliance, by using standardized procedures that work via phone, e-mail, fax, and mail. Your funds will typically be ready for investment into your new or existing business within 14-21 days.