https://completemarkets.com/Article/article-post/1528/LEGAL-OUTLINE-FOR-CALIFORNIA-AGENCIES-TABLE-OF-CONTENTS/
...r of individual agencies 1.2.3 General partnership 1.2.4 Ordinary busine...hould individual shareholders or a partnership hold them? Should I own stock in the corporation, or should a partnership hold it? See paragraphs 1.2.6-1...
https://completemarkets.com/Article/article-post/2395/Dollars-And-Sense-Of-Financial-Statements/
...r is:
Sales / Inventory = X times
Generally, the greatest number of turns is p...
https://completemarkets.com/Article/article-post/2013/Seven-Really-Big-Ones-Tax-Secrets-The-IRS-Doesnt-Want-You-To-Know/
...tal intensive, and organized as a general partnership. Property/Casualty agenc...ce combining 'S' corporations into a general partnership.
Those agencies interested in s...
https://completemarkets.com/Article/article-post/68/Salvaging-Your-Investment-After-The-Earthquake/
...t coverage actually exists.
It is generally imprudent to rely on the agent's d...o control of the court. However, a partnership or real estate investment compa...
https://completemarkets.com/Article/article-post/2405/Can-Your-Agency-Become-Partners-With-A-Bank/
...ment of new ideas. These are only generalizations, but each player must be wil..., will the gains provided by a new partnership exceed the losses caused because of the partnership? From the bank's viewpoint, any...
https://completemarkets.com/Article/article-post/2210/SEMINAR-SELLING-WORKS/
...ling has been abused, misused and generally misconstrued — but that doe...Planning [ ] Employment Practices Liability- [ ] Workers ...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2405/Can-Your-Agency-Become-Partners-With-A-Bank/
... place for operating efficiently at the bank's location. However, many single location agencies find this transition difficult. Ability as a Team Player: Independent agents are usually take-charge' people. Bankers may be more conservative in their risk assessment of new ideas. These are only generalizations, but each player must be willing to compromise to work with others. An agency with experience in purchasing or merging other agencies may have a strong record as a team player, since it has experience integrating others into the existing organization. Local Reputation and Goodwill ... Are you an agent who wants to sell to, or partner with, a bank? If so, you're probably searching for a banker who is interested in the bancassurance' arena. Make sure you take care of the preliminaries before you proceed with a merger or partnership. Where do you start? If you are an agent, you need to know if your agency will be attractive to a bank. A banker needs to be aware of the attributes that may make an agency desirable-or one to avoid. Type of Agency My ... privileges from its carriers? Do employees and management perform as a team, with minimal problems? Is a productive, ongoing training program in place? Does the agency set and achieve goals? Contrary to appearances, banks find these questions difficult to answer. Hidden Agency Liabilities: Are there unreported embezzlements? Has the agency paid any E&O claims out of its pocket? Are there potential E&O claims or lawsuits waiting to explode? Does the agency carry an adequate E&O policy limit? Are there family or ...
https://completemarkets.com/Article/article-post/612/Cant-We-All-Just-Get-Along/
...e employees against each other in general terms. They will pick at each other ...seling and opens himself to serious liability issues if he becomes personally ...
https://completemarkets.com/Article/article-post/2781/Risk-Management-Strategies-for-Small-Businesses/
...lier. Businesses need to forge partnerships that integrate seamlessly into ho...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2406/Does-Your-Agency-Have-What-It-Takes-To-Partner-With-A-Bank/
... in such a transition. I find, however, that this trait is rarely considered. 2. Ability to be a team player. Independent agents are usually take charge' people. Bankers may be more conservative in their risk assessment of new ideas. These are generalizations only, but each player must be willing to compromise and work successfully with others. An agency that has experience in purchasing or merging other agencies may have a stronger track record of being a team player, since it has had to deal with effectively integrating others ... banks in the area, will you lose these policies if you partner with some other bank? Will you lose the business and personal policies written for directors of these existing bank clients of the agency? From the agent's perspective, will the gains provided by a new partnership more than compensate for the losses caused because of the partnership? From the bank's viewpoint, any losses of agency revenue should be reflected in the price offered, if an agency is to be purchased. These are just some of the initial questions that agents and ... must ask and answer before even considering a relationship with the other. If both players feel comfortable with the answers, then the way will be paved for further evaluation. Roger Thomas, CIC is a principal of Thomas & Thomas Agency Consultants and Appraisers, Inc., located in Livingston, Texas. Thomas specializes in assisting agents in all matters relating to sales, mergers and acquisitions of agencies; provides litigation support to insurance companies and agents; and consults with agents and companies regarding most agency and company issues. Thomas presently serves ...