Can I really use my retirement funds to open a business without taxes or penalty?
Answer: In most cases, yes. Our plans are designed to meet the IRS requirements for qualified retirement plans. IRS regulations permit the rollover of funds from qualified plans to qualified plans without taxes or penalties. Regulations also permit the investment of retirement funds in the stock of the sponsoring company. The benefits of the plan […]
What if my accountant (or lawyer) isn’t familiar with this type of financing plan or isn’t sure it could be done?
Answer: Retirement planning is a highly specialized field; for this reason, we recommend that you use a firm that deals only with retirement and pension fund planning and administration when dealing with your retirement or pension funds. While your accountant or attorney may not be familiar with this type of plan, we’ll be happy to […]
What if I have more than one retirement savings account?
Answer: Not a problem. You can consolidate all your retirement accounts in the new retirement plan.
Six Myths About Inn Financing
By Rick Newman, Founder of Commercial Capital Network 1. Any bank will finance the purchase of an Inn or Bed & Breakfast. THIS IS A MYTH – Many banks view the hospitality industry as a high-risk property type of business, second only to restaurants. As such, if a borrower is under-capitalized or if the property […]
Financing a Bed & Breakfast/Inn
All Bed & Breakfasts/Inns are unique by design; in fact, it is that unique quality that separates one Bed & Breakfast/Inn from the next. Innkeepers invest their energy and capital over time to create a welcoming and hospitable environment that is special to them, their community and valued guests who appreciate the inn and the […]
Prequalified Buyers
The Prequalified Buyer designation was designed to provide Aspiring Innkeepers a credible way to quantify how much purchasing power they have as it relates to identifying hospitality properties that best fit their financial qualifications and professional/personal objectives. The prequalification process reviews a complete an application, personal identification such as driver’s license/s, passports& visas, financial statement/s, […]
Verified Financials™ Overview
CCN’s Verified Financials™ program is designed to provide Innkeepers and realtors a designation that can be used to instantly differentiate their hospitality property listing from other B&B listings on Industry Websites, Multiple Listing Services, and conventional advertising. CCN’s Verified FinancialsTM certification signifies that an independent evaluation of the inn’s business financials has been conducted and […]
Prequalified Buyer™ Overview
CCN’s Prequalified Buyer™ designation, was created to provide Aspiring Innkeepers a way to document how much purchasing power they really posses to assist them to identify hospitality properties that best fit their financial qualifications and investment objectives. The designation, certifies that a review has been conducted according to generally accepted commercial underwriting guidelines, by verifying the […]
