Alternative Financing for Your Start-up Business

What is BORSA™ (Business Owner’s Retirement Savings Account) Plan?

Simply put, the BORSA™ plan is a tool that allows you, the small business owner, to fund the purchase of a franchise, business start-up, or business property anywhere in America using your holdings in:

• 401(a) pension
• Profit sharing 401(k)
• 403(b), 457, IRA rollover

Through the utilization of a BORSA™ plan, these purchases can be accomplished without distributions, taxes, penalties, or the use of loans.

The BORSA™ plan has helped small business owners like you save money on their start-up businesses all over the country. Read what just a few of our happy clients have said about their business success with the BORSA™ plan.

How the BORSA™ Plan Works

To understand how you can access these funds without penalties, taxes or interest you must understand two bodies or law. The two bodies of law that govern this structure are:

• Employee Retirement Income Security Act of 1974 (ERISA)
• Internal Revenue Code of 1986 (IRC)

For purposes of the structure ERISA governs who is eligible and what you can or can not do in a qualified retirement plan and the IRC addresses what is deductible going into the plan and how money is taxed when it is taken out of the plan.

Distributions from qualified retirement plans are generally taxed as ordinary income for both federal and state purposes. Additionally, distributions from a qualified plan prior to age 59 ½ are subject to a penalty of an additional 10%.

The combination of state and federal tax and penalties can require more than 50% of your retirement savings be sent to tax authorities rather than fund your retirement years.

View & print enrollment forms for the BORSA™ Plan.

How the BORSA™ Plan Can Help You and Your Start-Up Business

Many baby boomers look at the money in their qualified plans and want to use these funds as equity to start or buy the business they will use to fund their second careers or retirement. Frustrated by a web of complex rules and regulations, they often postpone the beginning of this second phase of their adult life or simply resign themselves that they will be sending 50%+ of their life savings to tax authorities in order to pursue their dream.

Neither of these options is necessary. We will show you how you can access the savings in your qualified plan without taxes, penalties, or interest with the BORSA™ Plan.

The BORSA™ plan is available in all 50 states.

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