When you decided to open your own business, you probably envisioned a successful venture doing something you love. You probably did not envision being immersed in paperwork, such as payroll and benefit administration. Many small business owners, in an effort to save...
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Benetrends Blog
ROBS are NOT Self-Directed IRAs: Importance of Knowing the Difference
There is little wonder why some small business owners are concerned when reading headlines such as "Is the Taxman Coming for Retirement Entrepreneurs," or "Warning Shots-Tax Court Takes Aim at Retirement Rollovers as Funding Tool." Unfortunately, the articles are...
Finding Your Window of Opportunity to Start a Business
We came across this interesting infographic on Finding Your Window of Opportunity - The Best Times to Start a Business (from Funders and Founders): With summer being the season of adventure, it’s also the perfect time to let go of any excuses and start on the journey...
Tax-Deferred Investing – How to Use Your Tax-Deferred Investments to Start or Purchase a Business.
With a tax-deferred investment, you pay federal income taxes when you take money out of the investment rather than during the time the money is invested. Any earnings your contributions produce while invested are also tax deferred. Think of it like this: The IRS is...
Saluting Our Active and Veteran Military Small Business Owners
Armed Forces Day occurred in conjunction with the unification of all U.S. Military branches under the newly formed Department of Defense on August 10, 1949. On August 31, 1949, Secretary of Defense Louis Johnson announced that there would be one day honoring those who...
Benetrends Reaches Milestone in Job Creation for Small Businesses
Benetrends reaches a milestone, creating over 85,000 jobs with $4 Billion in retirement assets invested in Americas small businesses owners. Benetrends offers a safe, secure and proven approach to access 401(k)/IRA or other types of retirement plans to purchase...
Multi-Unit Franchising – As an Expansion Strategy
There’s a saying: "Be in business for yourself, but not by yourself." Today almost half of all franchised units are owned by multi-unit franchisees. Multi-unit franchising creates the opportunity for a franchisee to open more than one unit. In this case, multiple...
How to Secure SBA Financing for a Franchise Faster and Easier
Ask any franchise or small business owner who has applied for an SBA loan and you'll likely hear similar stories. The paperwork is overwhelming; it took way too long; they were denied at one or more banks and finally gave up. it goes on and on. That's where a...
Franchisors and Brokers: Don’t Settle for Partial Pre-Qualification for your Candidates
Ready to stop settling for partial pre-qualification and start converting more qualified candidates? With all the recent buzz surrounding pre-qualification programs, you undoubtedly have a lot of options. However, there are a lot of differences in the tools and...
Not All ROBS Companies Are the Same
Eric Schechterman, Director of Sales, writes about the ways Benetrends stands out from the competition. Illustrating Benetrends and our unmatched services is a task we are faced with on a daily basis. And while many may see the clear differences, it is still common to...