Who can use BeneTrends, Inc.'s services?
Almost anyone who has a retirement fund and is interested in opening a business can benefit from our services. We help individuals start new businesses, purchase franchises, purchase existing businesses, and in some instances, raise capital for existing businesses.

Can I really use my retirement funds to open a business without taxes or penalty?
In most cases, yes. The team at BeneTrends, Inc. has helped thousands of individuals do just that.

How can I be sure it's OK?
The BeneTrends Rainmaker Plan was developed by an attorney—Leonard Fischer, BeneTrends’ founder, in fact—who specializes in employee benefit plans and the Employee Retirement Income Security Act (ERISA) of 1974. Thousands of BeneTrends Rainmaker Plans have been set up for people, and every plan has received a favorable Letter of Determination from the IRS. The team at BeneTrends will make sure your new retirement plan is also given the OK by the IRS.

My accountant (or lawyer) wasn’t familiar with this type of plan or sure it could be done. Why is that?
The law behind the BeneTrends process is not widely known. If your CPA or attorney has a question about the plan, invite them to call BeneTrends—we'll walk through the process together. We do this every day.

What if I have more than one retirement savings account?
Not a problem. You can consolidate all of your retirement accounts in the new retirement plan.

Can I roll over my 401(K) plan from my current employer?
Generally, no. You must either have terminated or be about to terminate your employment.

Are there any kinds of retirement plans that can’t be used?
Only a few: distribution of death benefits from an IRA other than to the spouse and 457 plans for non-governmental agencies. If you are unsure if your plan qualifies, call or email us at info@benetrends.com.

How does this work? What is the process?
First, you need to establish a C-corporation for your new business. Next, the C-corporation establishes a new retirement plan. Then, your current retirement funds are rolled over into the C-corporation’s new plan. And last, the new retirement plan invests in stock of the C-corporation.

This sounds like a long and complicated process. Is it?
Not at all. In one phone call, we can determine if you're eligible for the program and discuss particulars; this meeting usually doesn’t take much more than half an hour. All of the paperwork is then handled via mail, email, fax and FedEx. On average, you'll have and can use your funds in about two to four weeks.

Am I somehow cheating the IRS out of taxes?
Not at all. If your business is a success, you will be generating taxable income for yourself, as well as those employed by your business. Then later on, you will be paying taxes on income taken from the plan in retirement.

Do you make a commission on the investment?
No, we charge a very reasonable flat fee, regardless of the size of your investment, or the size of the company you're establishing.

If you have a specific question that you would like us to address,
please ask the Rainmaker Plan expert.