search > Philadelphia services > Philadelphia business services

Posted: Wednesday, March 15, 2017 6:24 AM


Business Directed Retirement Account

Sometimes its makes more sense to utilize your current retirement account to fund your new business. A Business Directed Retirement Account (BDRA) allows you to use (rollover) your retirement account (ex: 401k or other retirement) to fund a purchase or capitalize a business, without taxes or penalties. This is a unique retirement account that avoids loans, banks, or credit checks. The process involves using your stagnant retirement account to buy equity (stock) in your new business. Essentially, you become the investor and the owner. We has created a high quality BDRA that allows for complex and unique situations to be fully serviced through our network of top legal attorneys. Fill out the form to the right to get more detailed information about our services and a FREE FAQ report on BDRAs.

How does the process work?

The 1st step is to create a new company for your business.
The 2nd step is transferring the money from your previous retirement account to a newly customized 401(k). The company will adopt the 401(k) just like any Fortune 500 company would.
The 3rd step is the 401(k) will purchase stock in your new company. Now the company has the money from the 401(k) and the 401(k) has stock in the company.

Why can’t I do this on my own?

Technically, anyone can do this on their own. However, the cost would be comparable to the fee we charge. Additionally, finding the right people to complete this transaction would take time away from focusing on your business. We can complete this process in 2 to 6 weeks while you focus on growing your business.

Contact us.

• Location: Philadelphia, Philadelphia and Surrounded Area

• Post ID: 37498670 philadelphia is an interactive computer service that enables access by multiple users and should not be treated as the publisher or speaker of any information provided by another information content provider. © 2017