Franchising in New England

IRA Rollover Solutions is a NEFA Member and sponsor of our September 16^th meeting: “Identifying and Selecting High Performance Franchisees” a panel discussion on awarding your franchise to the best candidates.

IRA Rollover Solutions offers a self-directed retirement structure that permits individuals to actively invest their retirement funds into a franchise or business without taking a taxable distribution or incurring early withdrawal penalties.

This franchise or business funding solution offers significant benefits over any other funding source available.

IRA Rollover Solutions brings you the compliance assistance necessary to integrate each and every component required by law to comply with all applicable ERISA and IRS code sections pertinent to this type of transaction. Our compliance assistance brings you the experience and knowledge to assist you through the following steps:

• IRA Rollover Solutions creates a C-corporation for your company
• Your new C-corporation adopts a new retirement plan & trust
• Your existing retirement plan funds are transferred to your new retirement plan
• Your retirement plan purchases shares of stock in your new business with the proceeds being deposited in the new business bank account

Using your IRA as a funding source for new or existing businesses adds significant advantages over debt type financing. No Loan Approval. Because retirement funds can be structured as an investment into the business, there are no corresponding debts that can increase business overhead. And as your business grows so can your retirement through long term stock appreciation and a new 401k profit sharing plan.

Benefits:

• Substantial tax benefits through tax deferred growth of owners business
• Debt service is substantially reduced or eliminated
• Checkbook control
• Lower cost option versus traditional funding alternatives
• Retirement asset pledge requirement waived through traditional lending sources
• Pay back of retirement investment not required in the event of business failure
• Substantial tax benefits with exit strategy

IRA Rollover Solutions has a team of financial advisors that utilize a consultative approach with each and every client, our team has an extensive background in financial planning, asset-allocation and estate planning. 

Prior employment includes:

• Charles Schwab, Financial Advisor
• Ameriprise Financial, (formerly American Express Financial Advisors), Financial Planner
• US Bank, Branch Manager
• Smith Barney, VP CIMC
• Kemper Securities, Senior VP Financial Consultant
• West One Bank, AVP Workplace Banking, Washington State
• Bank of America, Regional Small Business Lending Advisor
• Foster & Marshall Securities, Registered Representative
• First licensed in the security industry 1983

Licensing: Series 66, Registered Investment Advisors, Series 7, Securities,

• Franchise financing
• Hospitality financing
• Business Acquisitions
• Medical practices
• Restaurant Financing
• Commercial Real Estate

Bankers One Capital is a nationally recognized finance firm that specializes in the debt and equity placement for start-up, business acquisition, and commercial real estate transactions. Our industry focus is franchise, hospitality, medical, restaurant, and commercial real estate investments. Our clients include both new single and multi-unit franchise system operators, real estate developers and investors, medical professionals and general business owners.

Bankers One Capital provide comprehensive financing advisory services to franchise operators, single asset and portfolio hotel investors, real estate investors, restaurant owners, medical professionals, and general business owners. We also work closely with the senior management team of established franchised systems to arrange sale / leaseback financing on corporate stores to raise strategic capital and the development of a turn-key plan solution for re-franchising corporate owned and operated units. The firm has unique access to an abundance of capital sources through its significant relationships with some of the most competitive and largest financial resources in the country, as well as with many small to regional bank partners and institutional investment banking firms.

Bankers One Capital continues to be one of the most highly referred firm by industry professionals and takes pride in being one of the top preferred choices that they send their valued clients to obtain  project financing. The firm’s superior capital relationships and exceptional analytics and structuring capabilities are combined to deliver swift execution on the best possible financing solution for its clients.

Reginald Heard, CEO and President of Bankers One Capital recently joined NEFA and is the sponsor of NEFA’s May 20th Meeting with featured speaker Darrell Johnson of FRANdata.

Thank you, Reginald, we appreciate your support!

Bankers One Capital
Reginald Heard
10 South Street - Unit #71
Danbury CT 06810
203-791-9998
rheard@bankers1capital.com
www.bankersonecapital.com

Sponsorship of dinner meetings by NEFA members is important to NEFA because it allows NEFA to maintain reasonable prices for its dinner meetings.

To be a NEFA Sponsor please contact Jim Coen, jimcoen@nefranchise.org, or 617-469-3002.

NEFA welcomes PreventIt Law, a law firm representing small businesses (including franchisees) and nonprofit organizations throughout Massachusetts as a new member. PreventIt Law recently relocated from Beverly, Massachusetts to 92 State Street, 9th Floor, Boston, Massachusetts. PreventIt Law uses a preventive law approach to the law that helps its clients avoid legal problems before they occur.

PreventIt Law provides affordable, plain-language legal advice that is tailored to the needs of small businesses and nonprofit organizations. The firm offers the innovative PreventIt Law Legal Checkup for Biz™ as well as low-cost assistance with business formation, contracts, leases, purchase/sale of a business, and other business matters.

The move to the centralized State Street location will provide clients with easier access to the firm and will allow PreventIt Law to connect its clients with the vast business resources available in Boston, such as the Kirstein Business Branch of the Boston Public Library,” said PreventIt Law founder Faith McClure. “The firm will continue to represent clients on the North Shore and throughout Massachusetts.” PreventIt Law clients have included: a web developer, a health club franchise, a chiropractic office, a publisher, a school, a church, a home health care provider, and a wedding planner.

According to the Small Business Administration, one of the main reasons small businesses fail is because they don’t seek legal help and take preventive legal action at critical stages. PreventIt Law promotes its clients’ success through education and prevention by continually developing innovative, affordable ways to help small businesses and nonprofit organizations anticipate and prevent legal problems before they occur.

PreventIt Law was founded in 2002 by attorney Faith McClure to provide affordable legal services to small businesses and nonprofit organizations in Massachusetts. For more information about PreventIt Law, visit www.PreventItLaw.com or call (617) 290-1579.

The UFOC, that document beloved by Franchisor and Franchisee alike, is adapting to the 21st century. Strictly, it’s the FTC’s Franchise Rule, originally promulgated in 1978, that has been updated, effective in July 2007. Clearly technology has changed dramatically in the last 29 years, and the revised rule at last takes into account what has become commonplace - namely web downloading, email and data CDs.

With careful attention to legal requirements, distribution of the UFOC on CD has been an option for a number of years, but the revised rule now makes it clear that electronic distribution is equivalent to paper and offers a number of options. It does so by defining written material as any document or information in any form capable of being preserved in tangible form and read, and specifically refers to CD-ROM and email.

For several years now, CD\Works has created CDs containing the UFOC and associated documents for a major hotel franchisor with multiple brands. The documents are in PDF format and, in order to comply with FTC guidelines, the user is forced to view a series of introductory screens with mandatory disclosures before reaching a main menu and table of contents. Acrobat navigation and menus are removed from the user’s control until the disclosures are read and the user accepts the franchisor’s terms for viewing the documents. After that, the user is presented with a menu of options - to view the UFOC; access a linked Table of Contents and fill in a franchise license application on the computer.

The CD has many advantages over the printed document. For the prospective franchisee, it is far more convenient than a bulky paper document. It can be easily carried or stored - and, for example, viewed on a laptop when traveling. It also encompasses the printed documents, since those can be printed out as necessary - but only the parts relevant to the user at any point need be printed. More importantly, all the information is quickly accessible through links or searching - no more leafing through hundreds of pages to find a relevant clause.

For the franchisor, it is significantly less expensive to produce and distribute. The FTC estimates that franchisors printing 100 disclosure documents will pay $35 each for printing and mailing. However, they estimate that documents distributed electronically will cost merely $5 per disclosure - clearly a huge saving. In addition, it can be quickly and easily updated and can be linked to the franchisor’s website and online resources.

All franchisors may furnish disclosures using the approach that is most economical for their business, so CD distribution will be of significant benefit to large and small franchisors alike.

NEFA Member CD\Works is a recordable media duplicating company in Boston, MA. For further information, contact Jeffrey Starfield at jbs@cdworks.com or call (800)-CDWORKS.