Unwinding a ROBS
I used a ROBS to start my company 6 years ago and I want to undo that. Do you have any CPA or attorney that has knowledge of this type of thing who is not associated with one of the ROBS firms, that can help us understand the laws, loopholes, ect. on how to do this?
We currently don’t have specific attorneys or CPAs that we recommend for ROBS. Many attorneys will say that they can do any transaction, but ROBS are very specialized and require specific experience. We haven’t yet done the research to comfortably recommend these advisors. Instead, we recommend working with your ROBS provider in carefully unraveling your ROBS and making sure you do it the right way. Good luck!
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