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!"
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 |
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) . *
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."
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.
Similar Businesses to NAFEP
Great news! NAFEP has reached its current goals thanks to high demand. More opportunities are coming soon— sign up here for updates and be the first to know! Here are the few other suggestions to start with.
Superior Wash is the leader in on-site commercial truck and company fleet washing. With 35 years experience and the best franchisee support systems, our franchisees have a distinct advantage over what little competition there…
50k 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 2,500 you want to feature on your website! MBV’s 10% Price Guarantee on…
6,995 Minimum Cash Required
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
Start your own web design business with SiteSwan. Create & sell websites to small businesses in your area with our easy-to-use, private label website builder. Set your own prices - keep 100% of the sales. Our turnkey platform…
199 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…
20k Minimum Cash Required
Here at The UPS Store franchise, we know first-hand how important a healthy work-life balance is. When you become an owner of a The UPS Store, you are assisted with finding the right balance as you pursue your entrepreneurial…