Do you have significant insurance needs?
If you do, you should consider creating and owning a “captive” insurance company.
Why? Because a captive insurance company could…
- Save you big money
- Create a substantial tax shelter
- Produce a nice pile of cash
Want to find out if a captive insurance company makes sense for you? Read my new article Tax Tips: Captive Insurance: Huge Tax Shelter!
Three ways our fact-filled article can help you:
- We’ll explain captive insurance company basics. A “captive” is an insurance company that you own and from which you buy insurance. Your business deducts the premiums it pays to your captive, and the premiums collected by your captive are tax free! We’ll explain this great deal when you read the full article.
- You’ll learn why a captive insurance company can work for small companies. You don’t have to be a Fortune 1000 company to take advantage of a captive insurance company. The only questions you have to answer are… 1. Do your insurance needs really require a captive? 2. Will the cost of creating and operating a captive make financial sense? All will be explained when you read the full article.
- We’ll tell you the downside of captive insurance companies. First, you should know that the IRS sees the captive arrangement as ripe for abuse. Which means you have to follow Uncle Sam’s rules carefully. Second, creating a captive is not a do-it-yourself job. You’ll need competent counsel to advise you. We’ll spell out all the positives and negatives when you read the full article.