Business Brokerage,sell a business,buy a business,sell business in Florida,sell business in Tampa,Florida
Ivan Lilov / Transworld Business Advisors Direct: 813-215-6801 / Fax: 866-206-2625 / Email: IvanBusinessBroker@Gmail.com

Use your 401k or IRA Tax & Penalty Free


Use your 401k or IRA Tax & Penalty Free

Buy a business or Franchise with your own money!  Tax and penalty free? 
Considering the cost of borrowing money at today's rates using a 401k to buy a business could literally save you hundreds of thousands of dollars.  Eliminating the cost of interest by using a 401k as an equity investment would also free up monthly cash flow and improve the likely hood of business success.  See below comparisons.
 

 

Learn how the funds from your current employer can help you start your own Business or Franchise.  Tax Free use of 401k proceeds can now be used to finance a business, corporation or franchise opportunity.  

 

No Penalties!

For most Americans their 401k represents a large portion of their net worth.  What many don't realize is they can use these funds to acquire or purchase a business even before the turn 59.5 without the penalties.  While SBA funding and other bank loans may be in consideration one should consider their options and weigh the closing cost involved.  Sometimes using your own savings makes perfect sense.

Get cash out of your 401(k) or IRA to help finance your new business, without creating a taxable event.

Say you have $100,000 in a 401(k) or IRA and take an early distribution (before age 59.5), the following taxable events would be triggered: a 20% mandatory hold-back, Federal (and state) income taxes (at higher tax rates) and a 10% early withdrawal penalty. This could easily be a $45,000 tax bite.


 

                                                 Take early distribution             Adopt Self Directed Retirement Plan

Amount in retirement fund:                  $100,000                            $100,000

Mandatory 20% withholding:                $20,000                             0

Cash available to withdraw:                  $80,000                             $100,000

Less ordinary income taxes (at 33%)   $33,000                             0

Early distribution penalty (10%)           $10,000                             0

State income taxes                                $2,000                              0

Total taxes & penalties:                        $45,000                             0

Cost to set up transfer trust:                                                         $5,000 estimated

NET CASH available:                             $55,000              vs.          $95,000


With the adoption of a Self Directed Retirement Plan, you are able to convert existing retirement funds into privately-held stock in your new business. This tax-deferred trust is coupled to a replacement plan that contains special "exemptive clauses." Your new business gets the cash it needs from the sale of a portion of its stock to your trust plan. The trust is unique in that it will provide custodial services to administer non-publicly-traded stock.

Enterprise Brokers works with several legal advisors to implement the usage of 401k tax programs.  Note we are not licensed to make these transactions but we can help you find the right specialist.

 



 

To:  Ivan Lilov
Subject: 

First Name: 
Last Name: 
Email: 
Phone: 
Comments: 



Home  |  New Bisuness Listing Alerts  |  Our Featured Listings  |  Buy a Business  |  Sell a Business  |  MLS search  |  GREEN CARD LOTTERY  |  401K To Buy A Business  |  E2 Visa Information  |  Tax Planning For Business Buyers And Sellers  |  EB-5 Immigrant Investor Visa  |  SBA Loan Information  |  Due Diligence  |  FREE SOLD BUSINESS REPORT  |  MEDICAL SOLD BUSINESSES  |  HOW TO SELL A BUSINESS   |  EC Economic News  |  About Florida  |  Economy Insurance  |  Ivan's Blog  |  Registered Buyers  |  Contact Me Today  |  Why Hire a Professional?  |  Health and Nutrition  |  Art and Design  |  Do not pay too much  |  Dinner Party  |  Abou Ivan Dealmaker  |  Home - Style 1  |  News  |  Home Styling  |  Show Home Photos  |  Home Search - Style 1  |  Smooth Home Purchase  |  Avoid Buyer Errors  |  Your First Home  |  Sample Splash Page  |  Selling Your Home  |  Common Selling Mistakes  |  Selling Price  |  Buyer's Toolkit  |  Tile Your Backsplash  |  Protect Your Pet at Home  |  Stain Removal  |  Sweet Smell of a Sale  |  Make yourself Scarce  |  Seller's Toolkit  |  Moving your Pets  |  Tips for grilling  |  Backyard Composting  |  I WANT TO BUY INSURANCE COMPANY  |  INSURNACE COMPANY FOR SALE  |  I WANT TO BUY INDEPENDENT INSURANCE AGENCY 4SALE  |  FAST FOOD FRANCHISE RESTAURANT FOR SALE IN A MALL  |  ASSET SALE LIQUOR STORE PASCO COUNTY  |  5 DAYS OFFICE BUILDING DELI FOR SALE IN TAMPA  |  near USF  Franchise Ice Cream/Yogurt Store 4Sale  |  ICE CREAM/YOUGURT FRANCHISE STORE 4SALE BUSY MALL  |  BUSINESS FOR SALE IN fLORIDA  |  BUSINESS FOR SALE IN FLORIDA  |  MILLION DOLLAR GROCERY STORE 4SALE  |  LEASE ASSIGNMENT OF BUSINESS FOR SALE IN MALL 
Non Disclosure Form  |  Search Businesses for Sale
 

Privacy Policy  |  Site Map  |  Profile  |  Sign In

Choose language: