Rollovers as Business Start-Ups (ROBS): Legal Issues & Considerations
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.
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
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.
The speaker did an excellent job with a difficult topic.
Great job! Thanks.
Excellent overview of a complex legal and tax issue. Well worth the three hours.
A dry topic but very well presented
well done and informative,thank you.
Quite informative and very helpful!
A very interesting subject.
Effective handling of a complex topic. Good job!
Speaker was excellent!
Excellent. Well presented
outstanding speaker and course
Speaker was clear, effective, organized and engaging on what would otherwise be complex subject matter.
Great course with challenging material.
This is the best seminar I've listened to yet from the on-demand CLE seminars
this course was very informative.
Always wanted to learn little more about ROBS.....this course was an excellent opportunity, very helpful.
Excellent program of a difficult topic, would love to see more of these.
Complex topic to cover in under 3 hours. However, the presenter did a great job of highlighting the important issues.
He was awesome!
best one have ever listened to
Speaker was very well versed on the subject and conveyed the information in a straightforward and effective manner.
Extremely interesting, as these types of business (small) are arguably the business of the near future.
Excellent advice not to dabble in ROBS but wonderful information on what to look for when referring clients toward this specialty!