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 … [Read more...] about Entrepreneurs Pursue Business Start-Ups Even in Bad Times
I was just listening to a recording of a conference call this morning where a financial planner began his presentation with this premise: Taxes will be increasing in the future I haven't listened to the rest of it because I had to pause it and write this post. I'm sure when I go back this guy will … [Read more...] about Will Taxes Increase?
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)
[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)
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)
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
My new article on Forbes.com... -------------- For entrepreneurs, getting through these financially turbulent times may require some imaginative [read whole article on Forbes.com] … [Read more...] about Bail Yourself Out