Fit Small Business: Get Your Business Into Shape! › Forums › Small Business Finance Forum › Jeff, do you have any experience with unwinding a ROBS? › Reply To: Jeff, do you have any experience with unwinding a ROBS?
This is absolutely a possibility and it’s been done plenty of times. This is generally what happens when you wind down your ROBS. You’ll need to buy back the shares the retirement plan owned, at fair market value, and then you’ll be able to do what you please with your legal structure. That means you can transition the business to a limited liability company, if that’s what you prefer.
Keep in mind that we aren’t attorneys and can’t give you legal advice, though. You should likely speak to a ROBS provider about the process of winding down your ROBS and an experienced ROBS attorney, as needed. Good luck!