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About this Program

This 2.5 hour CE presentation addresses the legal requirements and issues that pertain to a financing arrangement known as the ROBS product.  A “ROBS” product is a structure that enables a client to start a new business--or refinance an existing one--using tax-qualified retirement funds and to do so without triggering a taxable event.  A ROBS product is based on specific statutory prohibited transaction exemptions in both the Internal Revenue Code and ERISA. This program is of particular importance to business attorneys and CPAs who have clients who want to utilize a ROBS product to provide financing for a business start-up or a recapitalization of an existing business. 

There are highly specialized legal compliance requirements associated with a ROBS product in order for the structure to fall within the parameters of the applicable prohibited transaction exemptions within the IRC and ERISA.  This CE would identify those compliance requirements, explain how those requirements fit together, and give examples of the common problems that are encountered.  It would also focus on the key points that a business attorney or CPA needs to know to keep a ROBS client in a current, ongoing compliance status.

Learning Objectives:
I.    Identify Why Your Client May be Interested in a ROBS Product
II.   Grasp the Vital Aspects of the ROBS Structure
III.  Familiarity with Significant Legal Issues
IV.  Identify Common Problems and How to Avoid Them
V.   How to Best Serve Clients Who Utlitize ROBS Product

Program Director: Sigalle Barness

For CPE:

Instructional Method: Self-Study
Review Date: 9/17/13

Required Components: Video and Written Materials
CPE Final Exam Required Passage Grade: 70%
Please Note: This course must be completed within 1 year of date of receipt of this course for CPE credit.

 

Reviews

Paul
Wharton, TX

The speaker did an excellent job with a difficult topic.

Crystal
Alexandria, VA

Great job! Thanks.

Robert
Dallas, TX

Excellent overview of a complex legal and tax issue. Well worth the three hours.

Robert
Mclean, VA

A dry topic but very well presented

Philip
Hallandale Beach, FL

Excellent

John
Norfolk, VA

well done and informative,thank you.

Larry
Arlington, VA

Quite informative and very helpful!

Daniel
Fairfax, VA

A very interesting subject.

Valorie
Richmond, VA

Effective handling of a complex topic. Good job!

James
Croton-on-hudson, NY

Speaker was excellent!

Tomas
Brooklyn, NY

Excellent. Well presented

Mark
Chicago, IL

outstanding speaker and course

Robert
Montvale, NJ

very good

Patavee
St. Louis, MO

Speaker was clear, effective, organized and engaging on what would otherwise be complex subject matter.

Donna
Irving, TX

Great course with challenging material.

Jennifer
Pendleton, OR

This is the best seminar I've listened to yet from the on-demand CLE seminars

Patrick
Alexandria, VA

great

Diane
King Of Prussia, PA

this course was very informative.

Randeep
Raleigh, NC

Always wanted to learn little more about ROBS.....this course was an excellent opportunity, very helpful.

Mary
Alexandria, VA

Excellent program of a difficult topic, would love to see more of these.

Brian
Washington, DC

Good presentation

Sushil
San Jose, CA

Complex topic to cover in under 3 hours. However, the presenter did a great job of highlighting the important issues.

Raye
Kirkland, WA

He was awesome!

Kenneth
Abingdon, VA

best one have ever listened to

Amy
Okemos, MI

Speaker was very well versed on the subject and conveyed the information in a straightforward and effective manner.

Greg
San Jose, CA

Extremely interesting, as these types of business (small) are arguably the business of the near future.

Paul J.
New York, NY

Excellent

Julius
White Plains, NY

Highly informative.

Lynette
Topeka, KS

Very detailed

Sheldon
Alexandria, VA

great course

Aronda
Stockton, KS

Excellent advice not to dabble in ROBS but wonderful information on what to look for when referring clients toward this specialty!

Richard
West Palm Beach, FL

very knowledgeable

WALTER
Temple, TX

Very useful and explained well.

Deborah
Great Falls, VA

Extremely detailed, very important information.

Robert
Cincinnati, OH

Very good speaker and presentation.

Paul
Alexandria, AL

cogent, very knowledgeable, excellent presenter

Rating

Presenters

Production Date

April 11, 2013

Advanced Prep

None

Credits

Alaska
2.5 General
Arizona
2.5 General
CPE
3 Business Law
California
2.5 General
Georgia
2.5 General
Hawaii
2.5 General
Illinois
2.5 General
Missouri
3 General
New Jersey
3 General
New York
3 Professional Practice
North Dakota
3 General
Oregon
2.75 General
Washington
2.75 General