Time: 11:00 am - 1:00 pm
Location: UT Business Incubator
The University of TN Research Foundation and the firm of Kennerly Montgomery present Rollover Business Startups (ROBS) – a free educational program.
- When properly structured, ROBS allow entrepreneurs to utilize funds from their 401(k) or other tax-advantaged retirement account to fund a new business (or franchise), buy an existing business, or recapitalize an existing business.
- ROBS also allows for these funds to be used before a person reaches the age of 59 ½ without paying the usual income taxes and early withdrawal penalties.
- This program will discuss the structure of a ROBS transaction, the ongoing requirements related to a ROBS business, potential hurdles and pitfalls, and the IRS’ stance on ROBS generally.
- Options and alternatives for financing start-ups using IRAs and qualified plans will be compared.
Students, faculty, entrepreneurs, start-up company executives, investors and their advisors are welcome to attend.