Glossary · People and paperwork
In short
These are federal laws setting minimum standards for most private industry retirement and health plans. If you use a ROBS structure, you must comply with ERISA rules to avoid severe penalties.
ERISA governs the structure and operation of qualified retirement plans, including the 401(k) plans used in ROBS transactions. It dictates fiduciary duties and prohibits self-dealing. Failure to adhere to ERISA can lead to disqualification of your 401(k) plan and significant tax penalties.
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.
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