Use your 401K to buy a business
Synergy works with advisors across the country to assist buyers with the process of financing their small-business dreams. One popular method for funding the purchase of a small-business is to use the equity from your 401(k) retirement plan.
These funds can be used for the purchase of an existing business, start-up, franchise, or as working capital to pay normal corporate operating expenses without being deemed a distribution subject to tax and/or penalties.
If you would like to learn more about using your 401(k) to purchase a small business, please fill out the form below: