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Whether or not this is something that I should do, I'm looking to know if it's possible or not.

I've read recently about a method by which you could fund a business with money from a retirement account. It works like this:

1) Start C corporation
2) Create retirement plan for employees of C corporation
3) Rollover current retirement plan into newly created retirement plan
4) In retirement plan, purchase shares of newly created C Corp

This would thus move the money to the control of the corporation (by the purchase of shares).

Is this actually possible? I've found a few companies on the web that would help set this all up. For example:

http://www.guidantfinancial.com/products/small-business-fina...

Steve
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