ROBS Program 401k Business Financing FAQ – Can my family members work in my ROBS-funded Business?

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ROBS Program FAQ: I am using the ROBS 401k plan to fund a new home construction business.  Can the C-corporation hire my family members?

Good question as a ROBS-funded business must follow certain requirements!

Yes – the C-corporation may hire your family members as w-2 employees, and they may receive reasonable compensation based on the work that they are performing once the C-corporation is generating income to justify their compensation.

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About George Blower

I have the privilege of educating our clients about our products and services so that they can make informed and confident decisions about their financial future. Prior to joining My Solo 401k Financial, I served as the general counsel for a subsidiary of a Fortune 500 financial services company. Learn more about George Blower and My Solo 401k Financial >>

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