ROBS Program 401k Business Financing – How many shares in the ROBS C-corporation will I receive? thanks for checking out this question from our daily live zoom calls please like and subscribe to keep learning how we help the largest online community of self-directed retirement investors and entrepreneurs grow and control their retirement funds 401k frequently asked, questions we wanted to go, through is with regards to authorized versus issued shares here the question presented is i’m funding a. New hair salon with 150 000 of 401k funds and thousand dollars for my savings i see that the new c corporation, is authorized to issue one million shares does this mean that 750 000 shares will be issued to, my 401k and 250 000 shares will be issued to me personally the response is no the shares will be issued for a dollar per share it is a best, practice to leave a portion of the shares as authorized but not issued shares so, that they are available for future investments if desired so when one registers a corporation which.
Like we talked about is the first step of the robs process one has to let the secretary of state know how many shares the company.
Is authorized to issue but the ownership is based on the issued shares so like in, this case the corporation is listed on the articles that it’s authorized to issue a million shares but it.
Might only actually issue as part of the initial rob’s investment 150 000 shares to the 401k for the benefit of the individual that’s rolling over money and investing and fifty thousand, dollars to that person personally so they still own seventy. Five percent of the company through the 401k for their benefit in 25 personally but not all of those one million authorized shares are issued so there’s still be some available for, future investments.
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