Representing Rollover Business Startup Clients

Date: Available 24/7 CLE Credits: 2 General

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Course Description

This program was recorded on April 13th, 2017

One expert suggests that around 10% of the 600,000 businesses started last year involved retirement funds. Some of that 10% are passive investments with little complications. However, for those businesses where the investor is also an employee, officer, director or other shareholder of that business the rules are more complex. In 2008, the IRS started what they called the Rollover Business Startup (ROBS) project which focused on prohibited transaction, tax and reporting issues they spotted when someone uses their own qualified funds to start their business. Join Frank Selden, an attorney who has helped over 1,200 clients start a business using their own retirement funds, as he reveals the legal issues facing attorneys and CPAs who have clients with businesses where the clients are investing retirement funds.

  • Frank Selden
    Frank Selden is an Estate Planning & Asset Protection Specialist. Most of his clients are a lot like him: entrepreneurial, in charge of their businesses and futures, dynamic, give a high priority to values such as integrity and hard work. They want focused attention when they need it but otherwise just like to say “Hi” now and then. Frank's goal is to create the premier estate planning and asset protection legal practice on the Eastside of Washington State. To achieve that, their legal products must adhere to three key criteria for every client: be fully understood by the client, accomplish the client’s goals, and work for other professionals to help my clients when they need it.

    Contact Frank Selden

      • 2 General Credits
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      Each On-Demand course is available to you for 1 year from date of purchase. Additionally, CLE credit is only available within that year.
    1. Institute a ROBS funding properly
    2. Comply with IRS key issues
    3. Distinguish between advising a ROBS corporation from other corporate clients
    4. Differentiate between a 401(k) plan adopted by a ROBS corporation and other plans

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