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Join Kevin Hunter and Jeffrey O'Brien on TBFS Radio Network as they discuss ROBS - Roll Over Business Start-ups.
A Proper ROBS Structure:
ROBS arrangements typically involve the following sequential steps:
A wise entrepreneur will understand what the promoter is doing for them versus what they still need to do for themselves. In general, a ROBS promoter creates the corporation, registers the Plan, and provides documentation to their clients that cover the adoption of the Plan by the company and issuance of the stock to the entrepreneur and the Plan. Since the client is, typically, the Plan Trustee, the Board and Officers of the Corporation, the excuse “I thought they were going to do that” will not work.