ROBS 401K Business Financing Program - Top 10 Rules to Know about a Rollover as Business Startup

[@GrizzlyHabits]

Thank you for taking the time to run through the ROBS 401k. Great explanation.

[@mysolo401kfinancial3]

Thank you

[@JasKhi]

MySolo401k has helped me achieve and realize my dream of owning by own business. I love these videos. The best!

[@inspirehardware]

Awesome video - quick question. Can you buy a pre-existing LLC startup that you own, and incorporate it into a C Corp that you purchase from someone else? Or alternately can you roll in your LLC as a subsidiary of a C Corp you purchase from someone else?

[@mysolo401kfinancial3]

Thanks for your good question. Please see reply on our My Community site: mysolo401k.net/mycommunity/forums/discussion/robs-401k-program-can-you-fund-a-pre-existing-llc/

[@mysolo401kfinancial3]

Please join (it’s free) mysolo401k.net/mycommunity/wp-login.php

[@kellyhanaway2724]

Hello - can I use 401K money that I set aside for working cap in the ROBS to pay for 1099 contractors that I use throughout the year?

[@mysolo401kfinancial3]

Yes the funds invested in the business via the ROBS 401k rollover can be used for any legitimate business purposes including paying contractors.