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Internet Business Not Waiting For Government’s Proposed “Small Business Lending Fund”

February 5, 2010 By 1 Comment

“One of the issues is should we be spending 30 billion on small business investment when there’s this big deficit that we need to address and that certainly concerns me,” says Internet small business CEO, Elizabeth Pitt. She’s not alone. The cries to stop the government spending are being heard everywhere. In the President’s State of the Union address, he outlined his solutions to help Main Street. However, it could be just another band aid. One part of the solution diverts funds from the large bank repaid TARP money to more banks…this time, banks that have less than $10 billion in assets with the hope that they’ll lend the money to small businesses. But one self-employed businesswoman isn’t waiting for a handout… instead, Pitt is already taking in cash flow from her company. Watch this video to see how this entrepreneur successfully chose an online niche market and learn how small businesses can save America.

Take action now and make America Great by building your business. Call Nabers Group: 877-903-2220. Read more about preserving and increasing your wealth: Five Steps to Freedom: How to Cut Your Dependence on Institutions and Escape Financial Slavery. For more helpful information visit: Your Financial News: video stories to help you succeed in business.

Filed Under: Business Start-Ups, Small Business Lending Tagged With: businesswoman, Elizabeth Pitt, entrepreneur, jeff nabers, Nabers Group, Nathan Smith, online niche market, phoebe chongchua, save America, self employed, small businesses, Solo 401k

Entrepreneurs Pursue Business Start-Ups Even in Bad Times

January 25, 2010 By 2 Comments

Poor economic times are not dampening the desire for entrepreneurs to start their own business. A study recently showed that there’s little change in the number of U.S. business start-ups in good or bad times. With more people out of work, many are deciding to start their own company, instead of seek employment. They’re following their passion and ideas to create their own wealth and, when they run into obstacles, they’re finding creative ways to finance their business. With traditional funding sources drying up, watch the video to find out how one successful entrepreneur, who launched his company during the recession, received funding and used his own retirement account, Solo 401(k), to help him through difficult times. In just one year his business is booming.

To learn more about the Solo 401(k) and how it can help you, visit Nabers.com or call Nabers Group: (877) 903-2220.

Filed Under: Business Start-Ups Tagged With: 401k, business, depression, economy, employment, entrepreneur, entrepreneurship, freedom, funding, invest, investing, investments, ira, jeff nabers, job, liberty, phoebe chongchua, recession, ron paul, saving, savings, self directed, unemployment, wealth

The End of Small Business Financing with IRA and 401k Funds? (Part 2)

October 19, 2009 By Leave a Comment

dc_jefferson_memorial

[This is a continuation of a previous post. You should read that one first so this makes sense.]

The IRS Responds

For the first time ever, the IRS actually addressed the “financing a small business with an IRA or 401(k)” strategy. They called it “ROBS” for “roll over business startup,” and issued a letter on October 1, 2008. This letter basically stated:

  • We know about the ROBS strategy
  • We are concerned about it for several reasons

Celebrate and Ignore

Most ROBS promoters spun the IRS ROBS letter as a long-awaited government blessing for the strategy. They said that the concerns that the IRS listed were administrative errors, such as [Read more...]

Filed Under: Business Start-Ups, Rollovers As Business Startup, Rollovers As Business Startups, Self Directed IRA Solo 401k, Small Business Lending Tagged With: 401, 401k, agency, audeo, benetrends, business startup, ersop, esop, financial, financing, funding, government, guidant, ira, irs, law, plan, president, profit sharing, QES, qualying employer securities, rainmaker, regulation, robs, rollover, ruling, scheme, self directed, small business, strategy

The End of Small Business Financing with IRA and 401k Funds? (Part 1)

October 15, 2009 By 9 Comments

road_block

Guidant calls it Audeo. Benetrends calls it Rainmaker. SDCooper calls it ERSOP. It goes by many names and it’s gotten a lot of attention from the franchise industry and, as of about a year ago, the IRS. The IRS calls it “ROBS” for Roll-Over Business Startup.

What is it?

It’s a strategy where a person with retirement funds:

  1. Forms a C corporation.
  2. Uses the new C corporation to adopt a 401(k) or profit-sharing plan.
  3. Performs a rollover from existing retirement funds (IRA, 401k, etc) into the new 401(k) plan.
  4. Directs the new 401(k) plan to invest into the new C corporation by purchasing shares of stock.
  5. Now this person has a C corporation with some or all of their retirement funds in it, and they are told they can use the funds to run the corporation, launch a venture, buy a franchise, and even pay themselves a salary.

Special Powers – For Good or Evil?

This is a tremendously [Read more...]

Filed Under: Business Start-Ups, Rollovers As Business Startup, Rollovers As Business Startups, Self Directed IRA Solo 401k, Small Business Lending Tagged With: 401, agency, audeo, benetrends, business startup, ersop, esop, financial, financing, funding, government, guidant, ira, irs, law, plan, president, profit sharing, QES, qualying employer securities, rainmaker, regulation, robs, rollover, ruling, scheme, self directed, small business, strategy
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