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Tips for Paying Your Own Salary With ROBS

Tips for Paying Your Own Salary With ROBS

One aspect of Rollovers as Business Startups (ROBS) that often surprises entrepreneurs is that they can pay themselves a salary through their business. However, to take a salary as a ROBS-funded small business or franchise owner, you need to handle it with caution....
How to Build a Successful Small Business Budget

How to Build a Successful Small Business Budget

Whether you’re starting a new business or planning for your existing business’s year ahead, you’ll need to make a business budget. Budgeting is essential for understanding your small business’s capabilities and situating it for financial success. You don’t want to...
Can You Use ROBS While You’re Still Employed?

Can You Use ROBS While You’re Still Employed?

For many entrepreneurs, the gap between when you leave your career and when your business is profitable enough to pay a salary is uncertain. You might dream of opening a small business but are not ready to leave your full-time job behind quite yet, for financial...
New Year, New Business: Get Planning Now

New Year, New Business: Get Planning Now

The new year is almost here. Before you know it, we’ll close the door on 2021 and start fresh in 2022 with new goals and aspirations. If opening a small business or franchise is in your future, the start of the new year is a great time to do it. However, in order to...
401(k) Catch-Up Contributions After ROBS

401(k) Catch-Up Contributions After ROBS

Rollovers as Business Startups (ROBS) allow aspiring entrepreneurs to tap their existing retirement savings to help launch a new business. Being debt-free and penalty-free, ROBS is a fantastic way to mobilize capital you already have. However, it does require you to...