Of all the things to consider when opening a small business or franchise, one would think the least important would be the exit strategy. However, this is a great time to think about the end game. When the lifecycle of a business ends, the goal for an owner isn’t about the money that’s been made, but the money that is available after the company is sold.
And the time to understand the tax implications of a business shouldn’t be at the time of the sale. The way your company is structured in the beginning will set the tone for the life of the business, and you should carefully consider the best options for your company.
By planning ahead, you will be able to enjoy the ”golden years", knowing you have prepared for a retirement that is cash-rich and tax-free!
Benetrends will set up a new retirement plan. A small portion of your investment goes into the newly formed retirement plan, modeled after our Rainmaker Plan®. The remaining funds go into the corporation, receiving stock as a personal investment.
The corporation issues two types of stock, giving you the ability to maximize wealth while minimizing tax consequences. If needed and you qualify, you can obtain additional funding through an SBA Loan.
”Benetrends has been facilitating the dreams for many people – for many years. We found the staff listened to our needs. . . They were transparent and worked for us with a sense of urgency, propelling us to get our money in a couple of weeks.”
William & Katherine C.
“My relationship with Benetrends began when I heard about using 401(k) savings to fund the start-up of my own business. When I reached out to them to discuss this option, they were very helpful and guided me through the process. Benetrends’ help in getting my business set up was invaluable.”
Hans & Andrea M.
Our mission is to make every Benetrends client our champion. For over 35 years, our Rainmaker Plan® has been tested and proven to work, providing a means for more than 17,000 entrepreneurs to achieve their dreams of business ownership, creating both jobs and prosperity. We are so confident in the Rainmaker Plan design that we stand fully behind our work, backing every client with our Rainmaker Guarantee.
Information provided by Benetrends Inc. is not intended to be used as legal or accounting advice, or as the sole basis for investment decisions, nor should it be construed as advice designed to meet the particular needs of an individual investor. Please seek the advice of legal or tax professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
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