NAFEP - Financial
You can finance your own business, start a business or buy into a franchise using your 401(k) without paying taxes, penalties, interest or even debt! The benefits are "Simply Amazing! And yet still, very easy to understand!"
What Does It Cost?
To buy a with NAFEP, you'll need to have at least liquid capital of $40,000. They also offer financing as well as a discount for veterans (10% Off Initial Down Payment). *
Requirements
Financial requirements for this :
Liquid Capital: | $40,000 What does Liquid Capital mean? |
---|
Options
Options available to :
Financing: | Available |
---|---|
Veteran Discount: | 10% Off Initial Down Payment |
NAFEP Information:
IMPORTANT:
This is not a franchise or business opportunity
You must have available retirement funds to use our services.
Small Business Financing Solutions
- Need Usable Capital?
You can finance your own business, start a business or buy into a franchise using your 401(k) without paying taxes, penalties, interest or even debt! The benefits are "Simply Amazing! And yet still, very easy to understand!"
If you've ever tried to finance a business or finance a franchise you know that the number one problem and reason for not getting started is lack of funding. NAFEP helps small business start ups and franchises through its mySOP program.
A Employee Stock Ownership Plan, referred to after this as mySOP is a form of a 401(k) plan setup for your own C-corp. The mySOP's purpose is to purchase the shares of your own C-corp. This structure is designed to get cash from a 401(k) or IRA into a corporation. This is necessary in order for start-ups, small businesses or cash strapped companies to tap cash from employee pension accounts.
Benefits of the financing a business or franchise with the mySOP
- Bank of yourself - You are investing in yourself and your business. This is a debt free way of starting your business
- Improves cash flow - The mySOP program does not place debt servicing requirements on your new business which improves cash flow.
- Tax Deferred Growth - capital appreciation and growth of the business is tax deferred for the retirement plan
- Penalty Free - Eliminates many of the prohibited transaction problems when running a business when using retirement funds
- Combine with other funding - Allows for traditional and SBA lending
- Increase retirement deferrals - 401k plans have much higher contribution limits so you can build your retirement plan
How to finance a franchise or business with the mySOP
- Create a C-Corp
- Establish the mySOP
- Roll money into the mySOP (from a IRA or former employer's 401(k))
- Purchase shares of your C-Corp. This places the cash inside of the business
Business finance strategies for using the mySOP
- Purchase real estate when only recourse loans are available
- Provides cash for starting a business and/or financing a franchise
- Provide capital for a struggling or cash poor business
What Your Plan Comes With
- Setup of C-Corp
- Filing of state articles by NAFEP
- Filing for Corp EIN with IRS by NAFEP
- C-Corp bylaws
- Setup and operating guide
- Stock certificates
- Meeting Records (initial and annual)
- Banking authorizations for checking account
- Creation of 401K plan documents
- Filing of 401K EIN
- Favorable determination letter from IRS
- Complete set of plan documents with all necessary forms and guides
- Assistance and guidance in the rollover of current plan to new self directed plan
- Assistance and guidance in setup of checking account or use our partner Chase Bank
- Unlimited pre and post setup consulting for plan setup and operation
IMPORTANT: You must have available retirement funds to use our services."
Video
Availability
NAFEP is currently accepting inquiries from the following states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District Of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
Interested parties should have at least $40,000 in liquid capital to invest.
Here are some other suggestions in the same category that you selected
Today's busy lifestyles demand the services PostalAnnex+ offers. Capitalize on this demand and open your own business!! After retiring from the printing business PostalAnnex+ founder Jack Lentz began working out of his…
70k Minimum Cash Required
My Business Venture gives you the ability to start an online business from your home. We provide you access up to 1 million products & you chose up to 2,000 you want to feature on your website! MBV’s 10% Price Guarantee on…
3,995 Minimum Cash Required
Did you know you could partner with a company to build out your entire e-commerce store, from product research to inventory acquisition to marketing? Yep! You can easily make 6-7 figures in passive income when we build your…
30k Minimum Cash Required
Every day, 18,000 roofs are replaced across the country, but 90% don’t need to be. As a dealer, this means a massive opportunity! Get in on the ground floor of one of the fastest-growing home services concepts in history…
35k Minimum Cash Required
Aire Serv is an award-winning HVAC franchise, but you don't need technician experience to be an owner. Operating within a growing and recession-resilient industry that provides in-demand services, franchise owners enjoy…
50k Minimum Cash Required
VOTED TOP PART TIME - WORK AT HOME BUSINESS! Are You Looking to Make an Additional $100,000 in the Next 12 Months - No Employees to Hire - No Equipment to Rent/Buy - No Office/Warehouse to Rent/Lease - Start Making money in…
30k Minimum Cash Required
BrightStar Care has proven to be both pandemic and recession resistant by providing skilled and non-skilled in-home health care and medical staffing. Our franchisees improve the health and quality of life for their clients…
100k Minimum Cash Required
The #1 women’s fashion franchise. We train our franchisees to be THE fashion destination in their local market, bringing in new styles earlier and more often than any competitor, all at reasonable prices, and ultimately win…
80k Minimum Cash Required
Our Business is Very Simple, Very Lucrative. Floors and bathtubs get very slippery and dangerous when wet. Our EXCLUSIVE Sure Step Non Slip eliminates slip and fall accidents. Our business is exploding! No Franchise Fees &…
20k Minimum Cash Required
For decades, we have helped talented individuals turn their passion into a profitable business. Decorating Den Interiors provides its franchise partners with turnkey support systems, camaraderie, incredible support, training,…
50k Minimum Cash Required
You may recognize the School of Rock name from the 2003 movie, but the real School of Rock has become the world’s most revolutionary music education brand. Originally a single location in Philadelphia in the late ‘90s,…
150k Minimum Cash Required
With a nationally recognized brand, comprehensive training, ongoing support and a product that is loved by people of all ages, it's easy to see why owning a Bruster's Real Ice Cream franchise can be the best…