DRDA CPA Business Owners Retirement Savings Account (BORSA) is a rollover for business startup (ROBS) provider that allows users to combine equity from their existing retirement plans with employer securities (stocks) in their company. It also allows users to buy, start, and fund their business using their IRA rollover and/or 401(k) plan. In this review, we compare the most popular pricing options available.
Summary of User Reviews
As of the date this article was written (4/25/18), there are not a lot of user reviews of DRDA CPA (BORSA) available online. If you are a past or current DRDA CPA (BORSA) customer, leave a review to help others that are deciding whether or not to use the company.
DRDA CPA (BORSA) Pricing
DRDA CPA (BORSA) does not publish their prices on their website, but other ROBS providers similar to DRDA CPA (BORSA) have set-up fees that range from $3,500 to $4,995, in addition to ongoing maintenance fees that start at $130 per month. Interested parties are advised to call the sales team to request for a quote.
DRDA CPA (BORSA) Features
Check out the list below for some of DRDA CPA (BORSA)’s features.
- Roll over your retirement plan balance into a Business Owners Retirement Savings Account (BORSA) without tax or penalties.
- Use your IRA rollover and/or 401(k) plan savings to buy, start, or fund your business.
- Use your BORSA for the equity injection required for your Small Business Administration (SBA) loan.
- Save more than 50% or more of your retirement/investment from being eroded by state and federal tax authorities and put it to use.
Useful DRDA CPA (BORSA) Resources
7 Best Rollover for Business Startups (ROBS) Providers 2019 – Looking for a ROBS provider that meets your needs? We’ve compiled a list of the top 7 ROBS providers that you can consider. We also discuss what they offer, how much they cost, and ways you can apply for the provider of your choice.
Rollover for Business Startups (ROBS): The Ultimate Guide – Want to know more about rollover for business startups (ROBS)? We discuss what it is, how it works, and how you can setup a ROBS.
How to Use Your 401k or IRA to Start or Buy a Business – There are three main ways you can use your 401k or IRA. In this article, we explore how you can use your 401k or IRA to start or fund your business.
Putting Personal Money into a Business in 7 Steps – Finding capital to start your business is a daunting task, given the risk that comes with it. Here, we discuss alternatives in funding your business, as well as safety measures to be mindful of.
DRDA CPA (BORSA) FAQ
How can I use a BORSA plan?
A BORSA (Business Owners Retirement Savings Account), once invested, can be used to purchase an existing business, startup, and franchise. It can also be used as a working capital without being subject to tax and/or penalties.
DRDA CPA (BORSA) Overview Video
This video provides an overall background on what DRDA CPA does as a company to help small businesses fund their business.