Starting your business with your 401(k) is becoming an increasingly popular option for tax strapped entrepreneurs, according to this article from SmartMoney, part of the Wall Street Journal Digital Network. But the controversial practice, which often involves a "Rollover as Business Startup" to avoid penalties for early withdrawal, has drawn the attention of the IRS even though some business experts stoutly defend the strategy. What are your thoughts? Is this an option you would consider to raise money for your next business startup?
Starting Your Business With a 401(k)
Posted by ShawnHessinger under Raising CapitalFrom http://www.smartmoney.com 4914 days ago
Made Hot by: BusinessBloggerPro on April 22, 2011 2:45 pm
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4913 days ago
4913 days ago