Forming a captive insurance company to mitigate risk and increase profits is, in many cases, an excellent choice for many business owners.There is a lot of information out there on captive insurance companies and the terms that surround the concept. However, some of it can be a little confusing. One such term is “831(b).”What exactly …
Want to learn what it takes to be considered a valid captive? Well, the Internal Revenue Service (IRS) says you’ll need two things: Risk distribution and risk shifting. These are also two elements that make a captive deductible for the IRS.While risk shifting is an easy way of taking off the balance sheet of one …
Learn the secret that savvy companies use to insure themselves instead of throwing money away month after month.