Ok, now it's time to solve the mystery. (Final Post) [see previous here] In 1978 Jimmy Carter reorganized the government with this order, and this took the issue of retirement account prohibited transactions away from the domain of the IRS and gave it to the Department of Labor (DOL). This fact … [Read more...] about The End of Small Business Financing with IRA and 401k Funds? (Part 3)
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The End of Small Business Financing with IRA and 401k Funds? (Part 2)
[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 … [Read more...] about The End of Small Business Financing with IRA and 401k Funds? (Part 2)
The End of Small Business Financing with IRA and 401k Funds? (Part 1)
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 … [Read more...] about The End of Small Business Financing with IRA and 401k Funds? (Part 1)
The Next Generation of Small Business Funding
Each year entrepreneurs pitch Venture Capital firms in hopes that their startup company or business expansion will get funded by them. The vast majority do not get funded. Furthermore, "getting funding" almost always means the entrepreneur must sell a sizable piece of his company to the VC. Getting … [Read more...] about The Next Generation of Small Business Funding
3 Reasons why today is the best time in human history for immense personal wealth and freedom
While there are many people finding themselves more fearful than ever, there are others who are more excited than ever. Here's why... The rules of safety and courage have changed. Since the industrial revolution, employee-ism has surged. During this time, getting a job to work for somebody else … [Read more...] about 3 Reasons why today is the best time in human history for immense personal wealth and freedom