Rollover as Business Startup FAQ- Can my personal shares in my ROBS Business be issued to my spouse?
Please check out this good question from our Daily Live Zoom call. Subscribe to our YouTube Channel to get notifications of our Daily FAQs.
ROBS 401k FAQ: Can I have some of the personal shares issued to my spouse?
My spouse and I are using a ROBS 401K business financing plan to start a realtor business. While all of the retirement funds will be from my former employer 401k, can the shares issued on account of the non-retirement funds be issued solely to my spouse?
RESPONSE:
Yes – all of the shares issued on account of the non-retirement funds can be issued to whomever you designate (you, your spouse, or someone else).
