Using Your 401(k) To Buy a Franchise

A vast wave of layoffs and lower values in stock market. Many faced the problem of finding money to buy a franchise. Franchise researchers are looking at all areas of money, including pension funds.

The question is best asked, "Can I buy a franchise with my 401 (k) funds?"

The short answer is "yes".

The long answer is "yes, but you must fully know the requirements and regulations.

Due to this trend, there has been flooding financial Advisors who specialize in understanding the requirements and regulations. "Every guide and inform you throughout the process, but they are on a different meaning. Their interpretation of the Tax complex with code around 401 (k) money to finance a business as a franchise .

Some free-definition, others are strict. To find the consultant that suits your needs and comfort level, ask them to describe their interpretation of the tax code. This will help you determine if your use of the 401 (k) is a good option.

The strategy for finding the best consultant will prepare a list of questions and interview potential consultants. Some questions should be:

1. How long have you been in business?
2. How did you manage to convert?
3. What are the costs involved, both initial and continuing?
4. What types of businesses should be trained?
5. How long does it take to access funds?
6. Is there a money-back guarantee?

Consider all your options and use the advice of an expert.

Rob Bennett is an experienced franchise consultant FranFinders, LLC.
FranFinders, LLC is a non-tax, franchise consulting firm that provides guidance through the entire process of buying a franchise. Headquartered in Atlanta, GA, FranFinders is to help customers nationwide with their dreams of owning their own business.
http://www.franfinders.com