Benetrends Blog

Writing a strong business plan is essential to the growth of your business and is often required to obtain a loan. There are two main purposes for writing a business plan. First and foremost, a business plan will serve as a guide during the life of a business, with...

The origin of Veteran’s Day began on November 11, 1918 when at 11:00am when the Allied powers signed a ceasefire agreement ending World War I. On the first anniversary, the United States celebrate Armistice Day.  It became a national holiday in 1938 and in 1954...

Yes! You can fund your business using your retirement funds tax-deferred and penalty-free.  Benetrends offers a full suite of funding solutions to help entrepreneurs get the funding they need for their small business or franchise. The Rainmaker Plan® allows you...

There will be stories about all the things that the SBA cannot do during the shutdown, but the impact on the actual lending programs are minimal.  How is that? First - please note, this is nothing new. There have been 17 previous government shutdowns in my career...

Do you understand your retirement plan?  A qualified retirement plan is governed by rules outlined in a written plan document. This plan document tells the employer and employees how the plan is supposed to work, what are the eligibility and vesting requirements,...

Since 2008, the credit crunch has made it more difficult than ever for entrepreneurs to access credit. While lending is loosening, entrepreneurs are still having a difficult time getting funding to start or recapitalize a business. It’s safe to say we are never going...

IRA prohibited transaction in self-directed IRA issue is significantly different than the Benetrends ROBS qualified plans. This case emphasizes the importance of using experienced professionals to assure that the process is compliant.  In the U.S. Tax Court case,...