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Congratulations—you’ve landed on a business idea that can benefit your community while turning a profit! In order to get your idea off the ground, you’ll need to incorporate your business as its own entity. Take these steps one at a time, and you’ll soon be a proud and proper business owner. Choose a Unique Name…

If you’re hesitant to take out a loan or use a unique financing option to fund your business, you may think using your own money is a better idea. However, you have a limited amount of money, so you’re limited in what you can do with it. On the other hand, when you’re not spending…

What is a ROBS, and how can you use one to your advantage as you grow your small business? ROBS is an acronym for Rollover for Business Startups, a financial strategy that allows you to roll over your 401(k) funds into a new retirement plan established by your business—tax penalty-free. The business retirement plan uses…

If you have an innovative new idea that can fill an open niche in your community, channel that entrepreneurial spirit into a brand-new business. Starting a business always carries some risk with it, but you can embrace that risk and turn it into an opportunity! These pro tips are designed to help every aspiring entrepreneur…

If your regular day job has a 401(k) program, you’ll do well to take advantage of that savings opportunity. 401(k) retirement accounts offer tax advantages to individuals who contribute a portion of their paycheck to that investment account. What should you know about contributing to your 401(k)? Pango Financial is here to offer a few…

If you’d like to use your own funds to give your small business a boost, you may be in luck—several common retirement plans work with rollover business financing, or ROBS (Rollover for Business Startups). Stand on your own two feet by using one of these retirement accounts to fund exciting new business ventures. 401(k) Do…

How do you want to fund your small business? There are plenty of options available to you, from SBA loans to crowdfunding solutions. However, self-funding your business also brings many benefits with it. Consider taking the plunge and injecting your own money into your small business to boost its chances of success. Retain Control When…

Are you in the process of starting a new business? It’s an exciting venture; from choosing an office or storefront to constructing a five-year plan, business ownership can be remarkably rewarding. However, to reap those rewards more effectively, you’ll need adequate startup funds to hit the ground running. Most people don’t have that kind of…

If you’ve been reading up on small businesses and startups, you’ve probably heard of a funding opportunity referred to as Rollovers as Business Startups, or ROBS. As with any investment, a ROBS plan is a leap of faith that your business idea will pay off. However, many misconceptions exist about this particular funding option. We’re…

If you are a new business owner looking to pay your startup costs, you have a few options at your disposal. Your 401(k) retirement account could be instrumental in getting your business off the ground. But what are your options? Look at the difference between 401(k) loans and 401(k) business financing to make the most…