Many Americans dream of owning a business but avoid taking an entrepreneurial leap because they lack the finances to do so. Typical business “start ups” or purchases require a fair amount of liquid cash or a high net worth. Some franchisors will not even deal with applicants who have less than $100,000 in cash.
In an effort to help potential entrepreneurs meet these challenges, Guidant Financial Group created the Guidant 401k plan, for small business investment. The Guidant 401k plan allows individuals to access funds from their IRA and/or 401(k) to invest in a franchise or other business without incurring distribution taxes or penalties.
The Guidant 401k retirement account structure truly is a remarkable tool for growing one’s business along with one’s retirement account. By using Guidant’s 401k plan, individuals can purchase a business or franchise as a retirement-account investment. Instead of investing in a publicly held corporation, account holders invest in themselves. This business-funding strategy has opened the entrepreneurial door for many thousands who otherwise could not realize their ownership dreams.
Andy Alberts, owner of the Touchdowns Sports Bar and Grill, in Renton, Washington, used the Guidant 401k plan to make his dream of business ownership come true. “I had worked for many years building up my 401(k),” he says. “I expected to break into that account and pay the massive tax penalties if necessary to buy this place.” But when he learned he could purchase the bar and grill using his retirement money before retirement, without having to pay taxes or penalties, he chose to use Guidant’s 401k plan instead. He’s thrilled with the results. “I warn everybody that whatever you do, don’t take an early distribution on your retirement account. I tell them to use a self-directed IRA plan like the Guidant 401k. If you work with Guidant, you’ll save a bundle, your money never leaves your authority, and you become the one who defines your future.”
Through the 401k business investment plan, Guidant has already helped many investors move from employee to employer. Our clients have invested in businesses ranging from structured franchises, such as Mr. Handyman and Subway, to brand new start-up companies like home-decorating shops and previously existing businesses like air charter services. The sky is truly the limit!
If you have IRA or 401(k) funds and would like to invest in your own business, consider Guidant's 401k plan as your ticket to entrepreneurial success.
More Information: Self Directed IRA LLC & Small Business Financing