BORSA™

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BORSA™

What is a BORSA™ (Business Owners Retirement Savings Account) Plan?

Simply put, it’s a self-directed 401(k) plan that allows you to access retirement funds (401(k), IRA, other qualified funds) TAX and PENALTY FREE to use as equity in a business start-up, acquisition, or to add more capital to your existing business. Typically if you “cash out” (take a distribution) from a qualified plan you would be taxed as ordinary income. You would also be hit with a 10% penalty if you are below age 59-1/2. The combination of state and federal income tax as well as the penalty can result in an erosion of 40-50% of your retirement savings.

DRDA CPAs & Business Consultants has a solution – The BORSA™ Plan. This structure allows you to transfer money currently held in your qualified retirement accounts into a new business without a deemed distribution, taxes, or penalties.

To learn more details about this powerful tool please click the following to review the BORSA™ White Paper and DRDA’s White Paper on ROBS:

BORSA™ White Paper
DRDA’s White Paper on ROBS

Here’s a video of a recent BORSA™ client

DRDA, the only full-service CPA firm to offer this structure nationwide understands that this structure comes with on-going compliance. We will help you understand and manage those compliance points as well as offering the BORSA™ Guarantee.

For a free consultation with on of our Business Consultants, please call Bryan Uecker at 281-954-6004 or bryan.uecker@drdacpa.com

Using a BORSA Plan to Leverage an SBA Loan

Are you considering a business or franchise acquisition? Do you plan on using SBA financing to get your deal done? DRDA’s BORSA Plan – a ROBS structure – allows you to access your retirement funds tax and penalty free and use those dollars in your business. You can then use these funds as your equity injection or down payment in an SBA 7(a) or 504 loan. DRDA has helped thousands of entrepreneurs since 2005 to secure their business acquisition financing via the BORSA plan. We teach this concept to lenders across the country so they may help their borrowers realize their dream of business ownership. If you’d like to learn more about using retirement funds tax and penalty free in conjunction with an SBA loan please contact Bryan Uecker at 281-954-6004 or bryan.uecker@drdacpa.com

BORSA™ White Paper

DRDA’s White Paper on ROBS

Using a BORSA Plan to Leverage an SBA Loan

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