the Franchise Purchase Plan from The Staples Law Firm

The Staples Law Firm The Staples Law FirmTHE FUNDING CHECKLIST

 

1. Open a profit sharing account.


2. Client transfers existing qualified retirement account or IRA to new profit sharing account.


3. Client’s new profit sharing account will purchase stock from new corporation with the proceeds transferred. The Staples Law Firm will prepare the stock certificates to evidence this purchase.The Franchise Purchase Plan from The Staples Law Firm


4. Client purchases 1,000 shares of stock.

 

5. The new corporation uses the proceeds from its sale of stock to purchase the franchise.