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 – 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 rollover business startups 100% right, 100% of the time. To achieve that, the ROBS legal products must adhere to three key criteria for every client: be fully understood by the client, accomplish the client’s goals, and allow other professionals to help his clients when they need it.