University of Tennessee Research Foundation

Technology Transfer & Licensing

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UTRF Tech Talk: Rollover Business Startups

Register Here

Location/directions: UT Business Incubator, 2450 E.J. Chapman Drive

 

The University of TN Research Foundation and the firm of Kennerly Montgomery present Rollover Business Startups (ROBS) – a free educational program.

 

  • When properly structured, ROBS allow entrepreneurs to utilize funds from their 401(k) or other tax-advantaged retirement account to fund a new business (or franchise), buy an existing business, or recapitalize an existing business.
  • ROBS also allows for these funds to be used before a person reaches the age of 59 ½ without paying the usual income taxes and early withdrawal penalties.
  • This program will discuss the structure of a ROBS transaction, the ongoing requirements related to a ROBS business, potential hurdles and pitfalls, and the IRS’ stance on ROBS generally.
  • Options and alternatives for financing start-ups using IRAs and qualified plans will be compared.

Students, faculty, entrepreneurs, start-up company executives, investors and their advisors are welcome to attend.

UTRF Tech Talks is a series designed to share information of interest with the research community of UT. Presentations range from the broadest of perspective overviews to the more technical topics, providing usefulinformation and offering support to researchers from the UT Research staff.