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Starting a Business with your 401k Withdrawal

Since starting the BORSAâ„¢ plan in 2003, we have processed over 750 BORSA plans and Incorporations. Here are a few of the comments clients have made after the closing. If you would like to share your experience with DRDA and the BORSA plan, you can email it here.

I felt it was necessary to send a big THANK YOU to the staff at DRDA for their hard work and dedication. They brought what was essentially an idea in my mind, to a complete solution in a relatively short period of time. It is absolutely incredible how coordinated and detailed they have been for a concept that could have been much more complex if I dealt with a less qualified company. I feel I have been armed with the knowledge that is required about the structure that is set up for my business and Profit Sharing Plan, and have a great bench at DRDA to back me for support and answers for the questions that might arise. I highly recommend the team at DRDA for their BORSA program and ability to turn dreams into reality.


While researching my options as I worked to open a microbrewery in Walker, MN, I stumbled upon DRDA and their BORSA plan as I searched the Internet. At that time I was employed by IBM and was debating my options in terms of financing my endeavor. I was able to obtain a loan from a local bank, but then when I found that I was going to be laid off by my employer I immediately engaged DRDA who helped me to revoke my existing subchapter S corporation status, returning it to a C-Corporation, and then set up my corporation's 401(k) plan into which I rolled my IBM 401(k) and pension. I was then able to access 100% of those funds without tax or penalty which I used to purchase additional equipment and to shore up my collateral with the bank. The BORSA plan has been invaluable, and I highly recommend it. Cheers,


Setting up the BORSA plan through DRDA was painless and completed in record time. The follow-up from DRDA was exceptional in terms of explanation and preparation for moving forward. I was very pleased with my experience and interactions with DRDA. If someone I knew was thinking about a model similar to the BORSA plan, I would strongly recommend they use DRDA.


It has been a great pleasure working with DRDA. You guys were always professional, courteous, and helpful. You made the entire process, if not exactly fun :-), mostly painless. Thanks so much,


I just wanted to take a second and tell you how great the experience was working with you, DRDA, and the entire BORSA team. From beginning to end the process was smooth and timely. I especially appreciate the ways you considered my unique situation and designed a plan that would work for me and stay within the government regulations. In addition, the go forward reminders about when payments and forms are due is a great service at no additional cost that gives me the comfort as a novice business owner that I will not miss any important deadlines and incur any unnecessary fines or fees. Thanks again for everything,


DRDA as a whole has been incredible! I tell you what, there were so many things I was worried about going into this back in December/January when we first decided we needed to try and do this. And though it has been a long hard road there has only been a couple of things that have honestly make things sudo difficult but we've been able to traverse them... And honestly, if it hadn't been for so many wonderful people there may have been times I might have wanted to throw in the towel, but it just felt like even when we were faced with an impossible challenge we had so many people on our side, cheering us on, encouraging me that we could do it. And out of all of the organizations we had worked with I HAVE to say that DRDA has had the MOST positive people, that seemingly had things done before they started them! Suzy, Darci, Paulina, Doug and everyone else that makes it all happen there. I appreciate all of your help! In Faith,


Starting a Business with your 401k Withdrawal

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