How to Manage or Exit Rollover Business Start-Ups
Although the set-up of a ROBS can be straightforward, ongoing compliance can be very confusing and challenging. It takes a lot of work and can be expensive to keep up with compliance requirements, leaving business owners with a lot of paperwork and a lot of hoops to jump through. As we know, this is the last thing you want to do as a business owner.
Not only does the Attaway Linville team understand ROBS (we’re business owners and specialize in entrepreneurial start-ups) but we can also help with more than the accounting and can provide consultation services. Attaway Linville provides a full range of ROBS support including advice from set-up through ongoing compliance and also for ROBS exit strategies.
What is a Rollover Business Start-Up program?
ROBS uses your 401K or another retirement account to start up or buy a small business. While it’s become popular, this arrangement is complex because it involves regulations from both the Department of Labor as well as the IRS, and can lead to headaches without proper support.
We work with over 100 ROBS clients operating in many different states across the country. These clients are often referrals from other CPA professionals or ROBS service providers including Guidant Financial. If you’re looking for a “one-stop-shop” for ongoing ROBS compliance in addition to standard accounting, tax, and payroll support services, we can help.