Archive for November, 2011

Solo 401k Eligibility

November 28th, 2011

A Solo 401(k) plan is well suited for businesses that either do not employ any employees or employee certain employees that may be excluded from coverage. A Solo 401K plan is perfect for any sole proprietor, consultant, or independent contractor. To be eligible to benefit from the Solo 401(k) Plan, investor must meet just two […]

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What type of business can I purchase using my retirement funds?

November 18th, 2011

With the Business Acquisition & Compliance Solution Structure (“BACSS”) you are permitted to purchase almost any legal business or franchise. Whether you are starting a new business/franchise or buying an existing business, the BACSS will allow you to accomplish your business goals tax-free and without penalty. The following retirement accounts can be used to purchase […]

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The Business Acquisition Compliance & Support Solution (“BACSS”)

November 1st, 2011

The Employee Retirement Income Security Act of 1974 (otherwise known as ERISA) and the Internal Revenue Code firmly establish that retirement funds may be used to acquire or invest in a new or existing business as long as the transaction complies with IRS and ERISA rules and regulations. Because the IRS has stressed the importance […]

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