Located in Houston ,Texas, DRDA P.C, home of the BORSA plan, wants you to know that opening a franchise within top ranking on the Franchise 500 list using 401k funds is not only possible, but also a very smart investment. Investing your retirement funds into something that you can be in charge of such as a business or franchise allows you to control your future more so than a stockbroker or Wall Street investor. As owner and operator of a small business, you can call the shots and watch your money work for you, with the proper assistance of course. DRDA P.C. business advisors can assist you in getting started by offering you a simple business-financing alternative called the BORSA (Business Owners Retirement Saving Account) plan.
BORSA is a tool that allows entrepreneurs to fund the purchase of a franchise, business start-up, or business property using the holdings in a 401(a) pension, profit sharing 401(k), 403(b), 457 or IRA rollover without incurring distributions, taxes, or penalties.
Franchises come in all shapes and sizes, so if you are looking to open a franchise in Texas, figuring out the type of business you want to go into before purchasing is essential. There are three main types of franchises including:
Product – In order to govern how a retailer distributes their products, manufacturers offer product franchises to prospective business owners that are willing to follow strict rules in return for rights to the name and trademark. Franchisees must pay a fee or purchase a certain amount of inventory before opening up shop. Product franchise examples include Goodyear, Hallmark, Baskin Robbins and more.
Manufacturing – Through manufacturing franchises, organizations gain the right to manufacture and sell a product. The catch is that the product must bare the name of the manufacturer. Manufacturing franchises most often take the form of restaurants or other forums in the food and beverage industry. The most well known manufacturing franchise is Coca-Cola.
Business – The most popular form of franchising is business franchising because of the freedom given to the franchisee to run operations as they see fit. A company will provide franchisees with a proven business operation method and the name and trademark of a company before turning them loose. The company also provides significant assistance with day-to-day operations and management. Popular business franchising examples include McDonalds, Fantastic Sam’s, Dunkin Donuts and more.
Food industry franchises are quite popular as eating never goes out of style. Top restaurant franchises in Texas include:
Wingstop Restaurants Inc. – Listed number 97 in the Franchise 500 ranking, this franchise offers patrons chicken wings in 9 flavors and a variety of sides.
Cici' Pizza – This all-you-can-eat pizza palace is listed at number 125 in the Franchise 500 ranking and features a wide variety of affordable pizza and salad dishes made from quality ingredients.
Paciugo Italian Gelato – Listed number 418 in the Franchise 500 ranking, this Italian ice cream shop is known for top quality gelato in several unique and tasty flavors.
Investing in your future has never been simpler. To learn more about how the BORSA plan can be used to purchase a small business or franchise call DRDA P.C. today at (281) 954- 6040 or visit www.borsaplan.com or www.drdacpa.com. Fill out and submit the form below for more information.
