Navigating the Path of Franchise Financing with ROBS: A Balanced Perspective

Blog May 28, 2024 3 min to read

benetrends financial jade maloney robs for franchise financing

Starting a business is an exciting journey, but it requires more than just a great idea. It requires financial wisdom. Rollovers as Business Start-Ups (ROBS) offers a unique solution for those looking to finance their entrepreneurial dreams. This strategy allows buyers to use their retirement savings to fund their business without incurring early withdrawal penalties. In this article, Jade Maloney of Benetrends Financial explains how ROBS can be a smart choice for franchise financing. Benetrends Financial, FBR’s franchise funding partner, has helped over 30,000 entrepreneurs realize their dreams of business ownership.

Empowering Wise Franchise Financing Investments

Investing wisely is crucial for every entrepreneur. Understanding ROBS and its benefits can help you make informed decisions about funding your business. By using ROBS, you can tap into your retirement funds without penalties, giving you a significant financial boost. However, assessing your risk tolerance and diversifying your investment portfolio is essential. Seeking advice from experienced professionals can help you navigate the complexities of starting a business with retirement funds, ensuring that you make smart, well-informed decisions. Benetrends Financial offers innovative financing solutions tailored to each entrepreneur’s unique needs, with a focus on speed, efficiency, and flexibility.

Be Fair to Your Future and Your Employees

A fair approach to franchise financing benefits you and your future employees. Implementing a well-structured retirement plan for your employees promotes a culture of inclusivity and fairness. Transparent communication about plan benefits and adherence to compliance with government legislation are key. This commitment to fairness ensures that all actions are in the best interest of both your business and your employees, fostering a positive and supportive work environment.

Be Honest with the IRS

Honesty and compliance with regulatory bodies are essential when using ROBS. Following tax laws and ERISA guidelines is crucial, ensuring accurate annual reporting and compliance testing. Maintaining a transparent relationship with the IRS not only protects the integrity of your business but also secures your retirement plan. Adhering to these guidelines helps you build a trustworthy and reliable foundation for your entrepreneurial endeavors.

Explore Franchise Funding Options with Benetrends

ROBS offers aspiring entrepreneurs a unique opportunity to finance their businesses using retirement funds. However, success with ROBS requires a balanced approach guided by wisdom, fairness, and honesty. By embracing these principles, you can navigate the complexities of using retirement funds for business financing, paving the way for a bright future for both your business and your employees.

For more insights, watch Benetrends’ funding consultant, Jade Maloney, explain ROBS in detail. Understanding this innovative financing option can help you take the first step toward realizing your entrepreneurial dreams!