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Does anyone know do it yoursell process using my roll-over IRA distribution, BORSA to buy an exising busines

Alfred Falegan

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Answers (6)
Steve Peters
CEO Business Brokerage
Riverside County, CA

I have a trusted company that can help you with this. Please provide contact information to my separate email to and I will get you in contact with them. - Steve Peters, President of CEO Business Brokerage

Apr 6, 2009
Kathryne Pusch
ConsultKAP Inc./Business Brokers Network

Alfred-- This is absolutely possible, and does cost about $5,000.
There is an article and link here:
-Fund YOUR Business with YOUR Money --Not Impossible

Apr 6, 2009
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Franchise Advisory Group

Alfred, I have a company that does that for you. Please contact me at 888-241-6629 and I will put you in touch with them.

Apr 5, 2009
Cory Hogan
P.C. Hogan & Associates
Helping the Small Business Buyer

I understand Guidant Financial temporarily paused their program - to verify status with the IRS - and after clarification is again providing assistance to buyers using an IRA or 401(k) to fund the purchase of a business.

I had a client use their services a few months ago. He spent about $5,000. It's a complicated process and needs to be done right. Apparently, Guidant did everything from approving his entity formation and articles of incorporation to writing the final check. His commented that the process took longer than he was told originally, but that he was satisfied and would do it again.

Most CPAs I have spoken with have not be familiar with the approach. It is a specialized industry.

Warm Regards,

-P. Cory Hogan
p.c. hogan & associates

Apr 2, 2009
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The Brokeopoly Company
Oakland County, MI

I've done several. It's called a Pension Transfer Trust Fund....Google basically roll over your IRA or 401(k) into a pension fund then the fund buys the business. Key is that the business has to be a C-corp. Then the pension hires you to run the company. Last one I did cost $5,000 in fees.

Apr 2, 2009
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Hi Alfred
I've consulted my CPA about using IRA to fund a business. After researching it, he concluded that it is a legitimate transaction, BUT, that it is so wrought with potential errors, that one could end up losing a lot of money. It's not just the initial set up but continued administration of it. It needs to be done by someone with a lot of experience. I understand that Guidant Financial no longer will do them because of the intricacies. So for an individual, this would be a huge risk to attempt. Other than Benetrends, you might find a CPA who's done them. Good luck.

Apr 2, 2009

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