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Franchise Funding Secrets 2: Turn Your 401(k) Into a Business—Without Penalties or Taxes | Benetrends Explains ROBS Plus
Description
Episode 105: On this episode of Pursuit of Profit, Cliff talks with Scott Thorell CFO of Benetrends and Kristen Gordon, senior consultant at Benetrends. If funding is holding you back from becoming a franchisee, then this podcast is for you. Scott and Kristen talk about the ROBS (Rollovers as Business Startups) and ROBS Plus - transforming your retirement into a business. Listen up...
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Timestamps:
00:00 - Intro
02:01 - What is Benetrends?
03:29 - What is ROBS? How does it work?
15:04 - What is the ROBS Plus?
21:01 - Why a C Corporation?
23:20 - Multiple classes of stock
32:23 - How is this a tax-free transaction?
37:35 - When you sell the business?
43:50 - Peter Thiel story
48:44 - Common questions
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Links:
Innovative Financing booklet - email cliffn@franocity.com
Watch the Pursuit of Profit on YouTube!
Connect with Cliff and Justin:
🌐 Website - https://franocity.com/
📷 Instagram - /franocity
👍 Facebook - /franocity
💼 LinkedIn - /cliffnonnenmacher
💼 LinkedIn - /justinguevara
* Consult with Cliff and Justin @
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