Best Rollover as Business Startup (ROBS) provider

Best Rollover as Business Startup (ROBS) provider -

Rollover as Business Startup (ROBS) financing can be a good way to finance a new business or buying a company, with money from your retirement account. If they are properly positioned, a ROBS allows you to pay pension fund into your business rollover without taxes or penalties.

However, if done wrong, a ROBS can create tax and legal issues, so it is advisable to consult a professional ROBS provider. In this article we examine options for small businesses four popular ROBS vendor and our choice for the best ROBS provider.

If you with rollovers are not familiar as Business Startups, start with. our products cover the basics of ROBS

Best ROBS provider: Guidant Financial

In an industry where most providers offer very similar services, Guidant financial is characterized by its "Outside Counsel" to help program and stellar track record of entrepreneurs with ROBS financing. The Outside Counsel program allows you to a lawyer before If you are interested ROBS and while [1945003reden] [comethetransaction and by should any problems or issues. This lawyer will represent your interests, not ROBS company.

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ROBS Provider Comparison Table

	Guidant financial	Fran Fund (Fran plan)	Bene trends (Rainmakers plan)	Catch Fire Funding
When Companies began to do ROBS transactions	03	06	1983	08
Initial configuration fee	$4,995	$4,795	Unknown*	Unknown*
Ongoing monthly fee	119 / month for each employee $ Plus $ 3.33 / month after 10	$0/month	Unknown*	Unknown*
Time Means	2-3 weeks	obtained 2-3 weeks, but may be faster with Safety Net program	2-3 weeks	2-3 weeks
BBB Rating	A+	A+	A+	A+
% of plans that are tested	About 0.25%	Less than 2%	About 4 %	Unknown*
# by Rob disqualified as a result of audits	None	None	None	Unknown*
Will the company help in the event of audit?	Yes	Yes	Yes	Yes
Offer set access to external consultants before ROBS up	Yes	No	No	No
Annual number of ROBS	1,400	Over 500	1,0	Unknown*
Visit	Guidant.com	FranFund.com	Benetrends.com	Catchfire.com

* The company refused to provide us with this information

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Guidant Financial: finally a good rollover of business startups (ROBS) offered the choice comes down to their level of expertise and service Best ROBS Provider

. Setting up a ROBS may falsely trigger a large tax penalty if the IRS or DOL check and find that it violates tax laws transaction. Although all companies very strong records mentioned in this article historical track have successfully ROBS arranging Guidant goes further than the rest in trying to avoid potential problems.

Under Guidant Financial ROBS offer them before customers make access to external consultants available during and after the ROBS transaction is completed. At the beginning of each Guidant customer receives two meetings with external consultants at no extra cost to evaluate if ROBS is a good financing option for them.

Guidant is the only states that we know of the ROBS space that offers this service. You also get access to external advisor if you have any questions after the transaction is completed, or if you are tested. While other firms employ lawyers that can help you when you are tested, these lawyers ultimately put the company and not the customer. Outside the Council, on the other hand, have a duty of care for you and your best interests in mind.

Guidant is to help set up an expert entrepreneur ROBS. They have helped more than 10,000 entrepreneurs as it provides in 03 ROBS started and have a A + Better Business Bureau Rating . In fact, as of this writing, Guidant only two complaints on the website of the BBB, suggesting that customers have been happy with their service received.

visit Guidant Financial

Fran Fund: Best ROBS for franchises

Fran Fund is our recommended provider for operators, the start a franchise or buy order. While Fran Fund does not work with companies non-franchise, start a whopping 94 percent of their ROBS customers or to buy a franchise!

Fran Fund has a special program called "Safety Net" program, which is especially helpful for people who are on the fence as to whether they should do a ROBS. For example, you might decide yet the franchise you want to buy. from your current retirement account in a Merrill Lynch IRA With your permission, is to move Fran Fund resources. Once you want to buy the franchise, choose the roll will then be completed. This can shave off 1-2 weeks from the regular ROBS process, so you can quickly means that you need to pay a franchise fee or other start-up costs.

Fran Fund is also a good choice in terms of cost. The company is less expensive than Guidant for the first set-up fee and ongoing monthly fees for larger companies. A fee of $ 0 month /. For the administration of the pension plan for an unlimited number of employees For a company that has 40 employees, for example, has, could save the choice Fran Fund $ 1,000 per year in administrative costs over Guidant.

Despite these professionals Fran Fund is a newer version on the ROBS room as Guidant. You do not have as many ROBS transactions annually as Guidant and do not provide external consultants from the beginning (the company has said, however, that they would provide outside advice in the event of disposal, audit).

Benetrends

Benetrends Bene trend is actually the pioneer of ROBS is another good option for people who want to do, in fact, a rollover as a business startup, created by its founder, what we know today as ROBS than 30 years ago Guidant surpasses Bene Trends in the number. . ROBS of annual transactions, but Bene trends has a solid track record.

While Bene trends does ROBS for both franchises and regular companies as Fran Fund, it specialized expertise in the franchise area has . Bene trends' founder is a former franchisees themselves, and the CEO was a multi-unit franchisees and is a board member of the international franchise Association (IFA). according to the company, no other company has done more ROBS transactions in the franchise industry.

Catchfire Funding

Catchfire Funding is yet another option for a ROBS do. They are a relatively new, small businesses, but also to promote quite strong in the room. We arrived at the company to get more information about their ROBS offer, but they were not willing to talk with us. As a result, we have no costs or audit-related information for Catch Fire.

How do we choose which prolongation as Business Startup Provider contribution to

ROBS standing as Business Startups for rollovers, is a popular way to finance the introduction of a new business or buying a company the resources, which has a small business owner in his or her retirement accounts. If you do a ROBS properly, you have to pay any taxes or penalties that are usually charged when you withdraw money from your retirement account early. Joint pension, such as a 401 (K), traditional IRA and 403 (b), eligible for ROBS.

There are many vendors that can help you set up a ROBS. The services include your business as a C corporation means (required to do a ROBS) to provide a company pension plan, which includes the ability to purchase the company's shares, and serve as a retirement plan administrator for your company and your employees. Do not worry if all this complicates the ROBS provider sounds it will help you.

For this article, we have three of the most popular providers to check the room and compare: Guidant, Fran Fund and Bene Trends (rejected Catchfire financing information to be made available). ROBS is an area where the experience really because it comes when you do things wrong, you can run into legal problems with the IRS or Department of Labor (DOL). Accordingly, we chose companies that help a successful track record of people who finance their transactions with ROBS.

In-Depth Overview ROBS Provider Best

The costs

A rollover for Business startups costs about $ 5,000 up front and $ 1.100 to 1.500 per year thereafter. The lowest rates were offered by Fran Fund, $ 0 less in setup fees and significantly lower ongoing fees than its competitors.

Guidant [1945065war] charged an installation fee $ 4,995 and 119 after $ per month. The $ 119 includes 10 employees. If you have more employees that are eligible for the retirement plan into consideration, each will cost an additional $ 3.33 per month. Although it is the most expensive of the bunch, we think the price is justified by the fact that you have access to external consultants (paid by Guidant) at every stage of process.

FranFund charged an installation fee $ 4,795 and $ 0 per month thereafter on an ongoing basis. The nice thing is that the $ 0, an unlimited number of employees covers, so Fran Fund is a good budget conscious choice, if you are a larger business.

Bene Trends: Unknown. The company declined our request for information.

Catchfire: Unknown. The Company declined our request for information.

time funds received

It is generally about 2-3 weeks takes to set up a ROBS, but the exact time frame depends on the type of retirement account you currently have, roll over the amount of funds that you want, and other factors.

Setting up a ROBS takes place in several steps:

1. to the business starting or buying as a C-Corporation set
2. to create a new 401 (k) retirement plan or profit sharing plan under the Corporation.
3. plan rollover of funds from your personal pension plan in the new company retirement.
4. Occupational Pensions buys stock in the company.
5. with the proceeds from the sale of shares, you can start your business or buy a business.

You can learn more about it, if you with the desire our Ultimate Guide to ROBS reading .

Guidant: get 2 to 3 weeks funds.

Franfund: It takes to get funding is usually 2 to 3 weeks, but its Safety Net program can speed things up. The Safety Net program is for people who think a ROBS about doing, but the right time has not come yet. For example, you might decide yet the franchise you want to buy. from your current retirement account in a Merrill Lynch IRA With your permission, is to move Fran Fund resources. This is the longest, most difficult step in a ROBS. Once you want to buy the franchise, choose the roll will then be completed. This can shave off 1-2 weeks from ROBS process. If you do not decide to move to a ROBS forward your money in a Merrill Lynch self-directed IRA is to be safe, and you will not have money Fran Fund not guilty.

Bene Trends: get 2 to 3 weeks monies

Catchfire .: Unknown. The company declined our request for information.

Audit Numbers & Audit Support

The proportion of ROBS transactions that are tested, is extremely small. Most people who have set up a ROBS no problems. But in the rare event that you are audited, you want a company that stand by you and help you take the cost of the examination and any questions or problems that come.

all in this article guarantee help firms covered, when tested, but Guidant an extra step to be paid by external consultants for representation.

Only a fraction of a percent of Guidant ROBS transactions were checked and no plans have been disqualified as a result of an examination. According to the company, they now have more than 6,000 customers and is only 15 plans audited annually. If you are tested, Guidant will pay the cost of preparing for the exam. You have (ERISA governs, a law that ROBS) on the personal tax and employment Retirement Income Security Act professionals. More importantly, they will also pay for outside legal representation if you are tested, and this law is mandated to work in your best interest, not the company’s.

FranFund estimates that less than 2% of their transactions ROBS been tested, but have no plans to ever been disqualified as a result. Fran Fund also ensures that you have the "full support and assistance" from On-employee tax lawyers and ERISA professionals when you are tested. The company also said that it would make external consultant, if necessary, but no check that the company's customers who are faced gone so far.

About 4% Bene Trends ROBS plans have faced a test, but no plan has ever been disqualified as a result. Bene Trends provides to ensure an examination; their on-staff professionals and lawyers will help you through an exam. You do not know, however, provide external consultants as Guidant does.

Unknown. Catchfire declined our request for information.

Customer Service

you should a company that has responded, customer service from the get go, is easily accessible, and its recurrences are competent and knowledgeable about how works ROBS

Guidant .: Monday by telephone to Friday 6:00 to 18:00 Pacific Time and 24/7 via e-mail. Guidant reps are very knowledgeable about the ROBS process and to answer most questions in the situation. If they do not know the answer to a question, they will ask to staff lawyers and get back to you.

FranFund has telephone and e-mail clients service.

Benetrends has telephone and email customer service.

Catchfire has phone and email customer service.

Reviews & Customer Satisfaction

All of these companies have more than 10 years in the business and have Better Business Bureau rating of A + that the satisfied with their services were suggesting most of their customers.

Guidant has an A + rating from BBB. They were almost accredited BBB since the company began in 03. At the time of writing, the company has received only two complaints BBB. Generally Guidant is great customer reviews.

Fran Fund has an A + rating from BBB. Been BBB accredited since 2010 and, from the time of this article did 1 complaint.

Benetrends an A + rating from BBB has. Been BBB accredited since 04 and, from the time of this article have 3 complaints.

Catchfire has an A + rating from BBB. Been BBB accredited since 09 and, from the time of this article have no complaints.

Bottom Line

Guidant, Fran Fund and Bene trends will help pension funds in your business rollover while making sure you don ' afoul run from tax and legal codes t. There is definitely some risk retirement to put money into a business, because if the business goes south, you can can lose your nest egg. It is important to weigh the pros and cons. If you choose a ROBS to do Guidant is our top recommendation because of their expertise and reputation.

visit Guidant Financial

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