The easiest way to close a business after using ROBS is with a business stock sale. Each shareholder in the company will receive a portion of the sales proceeds once you’ve found a buyer and completed the transaction. You can roll the funds that your retirement plan holds into an IRA.
As an alternative to a stock sale, you can also choose an asset sale. In this scenario, you would sell off the business’s assets and pay all of the business’s liabilities and obligations. The owners, including your retirement plan (which owns a percentage of your company), will divide up the remaining proceeds.