I have a client who is interested in using IRA funds to help purchase a business. I am somewhat familiar with the prohibited transaction and UBIT considerations, but I'm sure someone has much more experience than I do. Would it be better to have the new company set up a one-man 401(k) plan that invests in qualifying employer securities or have a directed IRA hold the shares directly (via Swanson)? They want to use Guidant, and I'm skeptical of almost eveyone. Please point me in the right direction. Thanks.

use the search feature. this topic has been discussed ad nauseum.

Thanks