Franchise Hounds

Joining me today is Kelly Krueger. Kelly is a Senior Consultant with Tenet Financial Group which offers small business funding solutions.  Kelly  has a decade of experience helping clients obtain the funding needed to turn their dreams of business ownership into reality.  Kelly helps her clients understand all of their funding options, allowing them to make informed, educated decisions. 

Topics covered: 

* One of the most common ways to use retirement funds to fund your franchise is what the IRS calls "Rollover for Business Start-ups"  or “ROBS” for short. Other common names for it are "401(k) Business Financing" or "ROBS 401K". 

* Setting up a ROBS transaction can be complex. The ROBS plan  needs to follow specific steps so that it doesn’t incur any tax penalties or other problems. Working with an experienced provider like Tenet Financial  makes sure the entire process runs smoothly.

* What are the advantages of using the ROBs 401 K plan to finance my franchise instead of other financing options?

*Which retirement plans are eligible for ROBS?

*Do I have to roll all my retirement savings into my new business with ROBS?

* Do I have to quit my job to start or buy a business with ROBS?

*What’s the process and costs involved in working with Tenet Financial to set a ROBS 401K plan?

[email protected]
www.tenetfinancialgroup.com

Joining me today is Bobby Chung

Bobby  is an immigration attorney focusing on U.S. investment and business visas. Before entering private practice, Bobby served as an Attorney Advisor with the U.S. Department of Justice, Executive Office for Immigration Review. 

Bobby  has extensive experience representing foreign entrepreneurs in investor visa matters involving both start-up franchises and acquiring existing franchise businesses.

Based in the Los Angeles area Bobby helps clients on U.S. visa and immigration matters in all 50 States and worldwide. 

Bobby is an active member of the California State Bar and the American Immigration Lawyers Association.

Bobby often advises and collaborates with franchise consultants like myself in evaluating franchise businesses to determine eligibility for investment visas and green cards. 

Bobby’s passion and expertise really shines through on this episode. I hope you enjoy my discussion with Bobby Chung 

 Topics covered: 

* What is an E2 Visa?
*How much do I need to invest to qualify for the  E‐2 visa?  
*How do you qualify for an E2 Visa?
*Are franchise businesses suitable for  the E‐2 visa?
*Does an E-2 Visa allow someones  family to re-locate with them? 
*What happens if your E2 visa application is denied? 
*Is it beneficial for an E2 visa candidate to work with a franchise consultant? 

Bobby C. Chung
Tel: (626) 642-8066
E-mail: [email protected]
Website: E2VisaLawyer.net

Joining me today is Matt Wiggins. 

Matt is the Coordinator for Veterans Programs with the International Franchise Association’s VetFran.  VetFran is a strategic initiative between the International Franchise Association and the IFA Foundation. 

The mission of VetFran is two-fold:
To educate both veterans and franchisors about the unique match between the skills and aptitude of entrepreneurial veterans and the demands and opportunities of being a franchisee. Our research and experience has shown that veterans make great franchisees and that the business model is a gateway to small business ownership, prosperity and success for our nation’s heroes.
To facilitate the transition of veterans into franchising by encouraging franchisors to offer discounts and incentives to veterans on the one hand, and to assemble resources, tools and a database of franchising opportunities for veterans on the other.

Since it’s inception in 1991, VetFran has helped thousands of veterans realize their dream of franchise ownership.

https://www.franchise.org
https://www.vetfran.org
https://franchisehounds.com
linkedin.com/in/mtwiggins

Joining me today is Charlotte Wagner a brand manager for Hounds Town USA. 

Hounds Town USA is a fully interactive doggie day care, pet spa and boarding facility. Founded in 2001 by a former New York Police Department K-9 Unit Handler.

Hounds Town USA has been franchising since 2015. It was recognized with Franchise Dictionary Magazine’s “Game Changer” award in 2019 and was part of Franserve’s “Fran-tastic 500” in 2020. 

Links: 

https://franchisehounds.com/

https://houndstownusa.com/

Items covered in this episode: 

• What is Item 19 (Financial Performance Representation) of the Franchise Disclosure Document?
• Does Item 19 tell someone how much they can expect to make? 
• Why do some franchise brands have an Item 19 and others don't? 
• What to look out for in an Item 19. 
• Reasons to work with a franchise attorney.

Mike Drumm
Mike is an attorney with Drumm Law and our founder. Before founding Drumm Law, Mike wore a suit and tie every day and worked at a large national law firm (he is grateful that he no longer has to wear the “lawyer costume” every day).

Mike is continually recognized as a Franchise Times magazine Legal Eagle, and 1851 Franchise Legal Player and is a designated Certified Franchise Executive by the International Franchise Association. He has also received commendation from Super Lawyers. Mike has given presentations on intellectual property, distribution and franchise law across the country.

Mike attended law school at the University of Texas and a semester at University College London (he visited 15 countries while “studying”). Mike obtained a BSBA in Business Management from the University of Missouri-Columbia.

Mentioned in This Episode:

[email protected]
franchisehounds.com

drummlaw.com



Music: New Hero in Town by Kevin MacLeod (incompetech.com)

In this episode we cover:
How do you know if it's time to leave your job and start your own business?
Reasons why you should start your own business. 
Why franchising is an ideal business format.

Mike Grecky is an entrepreneur who has held senior level corporate executive positions and built an award-winning start-up business, leading large and diverse teams for over 30 years. He has a strength and passion for helping others who want to become business owners. Mike holds a bachelor’s degree in Economics from Brown University and an MBA from the University of Pittsburg. He is the President of Grecky Franchise Consulting, a leading franchise consulting firm that specializes in helping existing and aspiring entrepreneurs achieve their dream of business ownership.


Mentioned in This Episode:

[email protected]
franchisehounds.com

[email protected]
greckyfranchiseconsulting.com



Music: New Hero in Town by Kevin MacLeod (incompetech.com)