Franfund
FRANPLAN RETIREMENT PLAN BUSINESS FUNDING
FUND YOUR BUSINESS USING YOUR RETIREMENT FUNDS TAX-DEFERRED AND PENALTY-FREE
Your retirement funds can be structured as an investment in your business. The FranPlan® allows you to utilize the full potential of these funds to purchase your own business, possibly enabling you to eliminate or reduce the need for additional loans. Unlike a loan, the FranPlan® allows you to start your business debt-free with available cash, having no debts to increase your overhead.
WHAT IS A FRANPLAN?
A FranPlan® is a “Qualified Retirement Plan” (a plan that meets the requirements of the Internal Revenue Code and is eligible to receive certain tax benefits) sponsored by your new corporation. This new 401(k) Profit Sharing Retirement Plan (the FranPlan®) will be a shareholder of your new corporation.
Some of the retirement plans that qualify for a FranPlan®:
- 401(k) Plans
- Employee Stock Ownership
- 401(b) Plans
- Annuity Plans* (penalty may apply)
- SIMPLE Plans
- IRAs
- 407 Plans (Government)
- Money Purchase Plans
- Cash Balance Plans
- SEPS Defined Benefit Plans
