ERSOP® Entrepreneur Rollover Stock Ownership Plan
The Original 401(k) Rollover For Business Start-Up Plan.
Invest your IRA and 401(k) into your business with the exit strategy that started it all in 1999, without which you have double taxation.
Use ERSOP® Plan Money For:
Existing Businesses
Use ERSOP® to buy a business that is already in existence.
New Business Start-Ups
Starting from scratch? No problem! ERSOP® can help you.
Franchises/Non-Franchises
Want to buy a franchise? Great! Want to buy or start a non-franchise? Great!
Real Estate/Real Property Management
ERSOP® can be used for those wanting to invest in Real Estate or Real Property Management.
Non-Traditional Investments
ERSOP® can help make this possible.
Let’s Go Over The Basics
You may be asking, “What is an ERSOP® plan?”
→ First and foremost: the ERSOP® plan (known as Rollovers for Business Start-Ups or ROBS to the IRS) is the primary retirement plan for your business, for you and for any employees that may become eligible.
→ Second: the ERSOP® plan is an ERISA “qualified” plan into which you may rollover your existing qualified accounts: IRAs, 401(a), Defined Benefit, Money Purchase, Profit Sharing, Thrift and Savings, Stock Bonus, ESOP, 401(k), 403(b), most 457s, other retirement plans and…
→ Third: “eligible individual account plans” permitted to invest plan assets into the stock of your business.
ERSOP has no taxes, no penalties, is NOT a loan, and we NEVER touch your money!
ERSOP has no conflicts of interest with your retirement funds because we sell no investments.
Years Experience
Nationwide IRS Qualified Clients
How ERSOP® Works
Step 1: The Corporation
The Law requires you have a Corporation. These are not simple-generic-internet-do-it-yourself corporations. They have important idiosyncrasies that need special attention. Once this has been established, we can move onto step 2.
Step 2: The ERSOP® Plan
After the Corporation has been established, we now move onto setting up the ERSOP® Plan. This Plan will be the vehicle in which your retirement funds can do a direct rollover into. Which brings us to Step 3.
Step 3: The Rollover
After the Corporation and the ERSOP® Plan are established (and the two bank accounts that will be associated to them), you may now begin the rollover process. First you will roll your money into the ERSOP® Plan bank account and then from there, move the money into the Corporation bank account. This will be in exchange for stock. That’s it! You’re up and running!
For Over 20 Years We’ve Been Helping Others Build Their Dream Business
You’ve worked hard for years. You’ve been responsible and saved for your retirement. You have a 401(k) and/or other plans. What’s the best way to take advantage of this money? For many people, it is to use it to invest in themselves and their families… in a way that the government takes as little as possible. That is what ERSOP® can help you do.
Call Today To Get Started:
(866) 693-7767
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What Everyone Else Is Not Telling You
With the plethora of companies that have become available to those looking to use their retirement money for business start-up, there is a lot of confusion among what makes one company differ from another. We think it is important for people to know what other companies are most likely not telling you.
The Significance of the Exit Strategy
Getting your ERSOP Plan up an running is a relatively simple process. However, we believe it is not just getting you into one of these, but getting you OUT of one is just as important.
The Significance of Charging A Flat Fee
ERISA states that the transaction is exempt from being a prohibited transaction “if no commission is charged with respect thereto . . .” If we charged a variable fee instead of a flat fee for service, the IRS could assert that the variable fee was a commission, and therefore the investment of the funds into the stock of your new corporation was a distribution subject to taxes and penalties.
Why Companies Who Accept Commisions Are Putting Their Clients At Risk
ERISA states that the transaction is exempt from being a prohibited transaction “if no commission is charged with respect thereto . . .” to which the IRS adds “to or from a ‘disqualified person’.” We are defined in the Internal Revenue Code as a “disqualified person” because we provide services to the plan. If the IRS found during an examination (IRS audit) of your plan that we had paid or received a commission by any name, the IRS could assert the investment of the funds into the stock of your new corporation was a distribution subject to taxes and penalties. A franchisor must disclose any commissions paid or received in its FDD and if it is so disclosed in the FDD it would thereby be disclosed to the IRS. Therefore, anyone who pays or receives a commission in respect to establishing these plans are putting their clients at risk with the IRS.
Why ERSOP® Does Not Sell Investments Or Investment Services
We believe that there is an irreconcilable conflict of interest between the design and administration of the PLAN and the sale of investments to the TRUST fund.