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I will be purchasing an existing business in Las Vegas with 3 partners. We all have 401K’s. I read we can use our 401K to fund the business. I am told we can do this through a C-Corp. It is suggested online that I find a lawyer who specializes in this area. I understand the very basic concept and risks involved but little else. Must we use the 401K money right away in the start-up phase (have start-up cash) or can we allow our 401K money to sit in the “C-Corp fund” for use down the road when it’s time to expand or to purchase a second location? I would also like to know if there is a minimum amount that must be in the 401K in order to use the funds for a business. My initial plan was to hire a CPA, open an LLC on legal-zoom.com and convert to a C-Corp later. But now I’m wondering if I need a specialized attorney. What are ballpark attorney fees for this type of service?