Last week, we discussed why owning a captive insurance company is “THE BEST SELF-INSURANCE MONEY CAN BUY.”  A captive insurance company is the most powerful risk management and wealth accumulation tool that a business can access.  When properly employed, there is no other financial vehicle

Risk management is a challenging business.  In the twenty-first century, companies (particularly small and mid-sized ones) face innumerable existential threats.  For instance, cyber risk is a growing and wildly unpredictable threat as evidenced by the havoc recently wreaked on Target by hackers.  Terrorism is a real threat to businesses and their operations today (did you […]

We have all heard the expression “Better safe than sorry,” but is it really true?  And, to what extent is it true in business

Some captive “experts” argue that captives should be managed as much as possible like third party, commercial insurers in order to increase the odds of surviving IRS attack.  Specifically, they argue that captives should look to the standards of third party, commercial insurers when making such decisions as setting premiums, establishing reserves, deploying assets, etc. […]

Tax avoidance is perfectly legal and encouraged by the IRS, but tax evasion is against the law. –         Internal Revenue Service Website   Business owners across America mailed checks to the IRS last week.  Parting with hard earned profits certainly isn’t easy.   Which begs the question, to what lengths should business owners and professionals go […]