The News
Fort Wayne law firm Carson Boxberger, has launched The CEO Plan™, a program that makes it easier for entrepreneurs to invest in themselves by using their 401(k) plan to fund a business. The program offers tax-free, penalty-free access to retirement funds to acquire your own business.
Fort Wayne attorney Bob Nicholson developed the program after working with many small businesses and recognizing that finding sufficient capital is one of the biggest hurdles to get a business going and keep it in the game.
“The CEO Plan puts you in control,” explains Nicholson. “In it’s simplest form, the plan let’s you roll over your own retirement funds into a new 401(k) that invests in your business.” Standard distributions from a 401(k) require about 35 to 40% in taxes and penalties. “With the CEO Plan™ you keep what belongs to you,” says Nicholson.
“Entrepreneurs love it, because it creates new opportunity. And banks love it, because it creates the necessary equity to make a loan,” he adds.
The program can be customized depending on individual needs and goals. As an experienced tax lawyer, Nicholson understands the law and can analyze your particular circumstances to develop a solution that achieves your objectives and keeps you within safe legal bounds.
To see if you can fund your dream through the CEO Plan, contact Bob Nicholson at nicholson@carsonboxberger.com. Visit TheCEOplan.com to learn more.
About The CEO Plan™
Finding sufficient capital is one of the greatest challenges to get a business going and keep it in the game. The CEO Plan™ gets you off to a solid start and gives your business stronger staying power.
In it’s simplest form, The CEO Plan™ allows you to roll over your own retirement funds into a new 401(k) that invests in your business. Even better, it allows the value of your business to accumulate tax free in your new 401(k) account.
The CEO Plan™ was born out of a lawyer and business advisor’s desire to meet the needs of clients looking beyond traditional funding sources for start-up capital. Bob Nicholson, a partner with Carson Boxberger, www.carsonboxberger.com, in Fort Wayne, Indiana, developed a creative solution based on years of research, experience and understanding of complex taxation and other legal issues important to business owners.
For more information about The CEO Plan™, you may email Bob at nicholson@carsonboxberger.com.