Is ROBS Legal? The Legality of 401(k) Business Financing
Hopeful small business owners are often surprised to learn they can avoid taking a loan or risking their home as collateral by using their retirement funds through Rollovers as Business Startups (ROBS). But are ROBS legal? Short answer – yes!
Rollovers as Business Startups vs. Self-directed IRAs
How using a self-directed IRA to invest in a small business differs from using a Rollover as Business Start-up arrangement.
Calculating Business Expenses Before Starting a Business
Calculating business expenses before you start your small business venture is crucial to your financial success. If you’re dreaming of being your own boss and starting a new small business, you’re probably thinking about all the things you need to do to open shop, deploy…
Avoid These 4 Mistakes When Searching for Business Funding Online
There’s a lot of great material online about small business funding. However, relying on the wrong information can cause long-term problems for your company. Avoid these top 4 mistakes when searching the web for financing options. Once you’ve taken the steps to determine what kind…
7 Things Small Business Owners Should Know About Seller Financing
Small business owners know how important securing financing is to start a business. But when it’s time to sell their business, small business owners may think the time to worry about capital is finally over. It’s not — with seller financing (also known as owner…
How to Get Small Business Funding with Bad Credit
Many small business owners rely on traditional business loans and other debt-based financing methods to launch their ventures. But for aspiring entrepreneurs who need small business funding with bad credit, the ability to secure financing can be challenging and seemingly impossible. Thankfully, there are alternatives…
Small Business Struggles: 3 Challenges of First-Time Financing
First-time business owners face unique challenges to funding, including low loan approval rates and lack of business experience. Learn how to overcome these challenges and increase your access to credit. If you’re a first-time entrepreneur, one of the most significant small business struggles you’ll face…
Using ROBS: Can I Pay Myself a Salary?
Starting debt-free is just one of the advantages of using Rollovers as Business Startups (ROBS). These advantages come with some requirements regarding your salary.
For Sale by Owner: Seller Financing with Small Businesses
For aspiring small business owners who don’t have significant amounts of cash on hand, the path to business ownership can be more challenging. When traditional financing methods fall short, seller financing can be a favorable option for both the seller and buyer of an existing…