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Detailed Process Explanation
Transcript of Detailed Process Explanation
401(k) How does it work? BUSINESS DIRECTED
RETIREMENT ACCOUNT (BDRA) We contact the state office your business is located in to properly register and bring your C Corporation into existence. Form a new C Corp If you already have a C Corporation, we can potentially use it. You will receive:
Certified proof that your business name has been registered in your state
Articles of Incorporation
Employer Identification Number (EIN)
Corporate kit that includes bylaws, minutes, and resolutions Newly
401(k) Rains Plan Group specializes in designing custom retirement plan solutions for each client. Rains Plan Group works directly with you to design, implement, and administer your retirement plan. Designs Newly
Assets Transfer Funds Adopts Just like any Fortune 500 company
Plan You can transfer all or part of your current retirement account.
From the new 401(k) you can still make traditional investments
into mutual funds, stocks, bonds, and more.
Example: A person has $100,000 in retirement assets. They transfer all the money and use $50,000 for the business and invest the remaining $50,000 into mutual funds.
Rains Plan Group has an online platform that allows you to manage these investments with great ease. It's an online portfolio manager for your retirement account. Call (888) 777 - 0910
www.BusinessFinanceStore.com BE THE INVESTOR AND THE OWNER C Corporation C Corporation