Glossary · People and paperwork
In short
A legal business structure that is separate from its owners, offering liability protection. It is taxed separately from its owners, leading to potential "double taxation."
If you're using a Rollover for Business Startups (ROBS) to fund your down payment, you'll typically need to establish a C-Corporation. This entity then purchases the target business, and your retirement funds are rolled into it. Understand the tax implications and compliance requirements for this structure.
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
Know what you'll need before you apply
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