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... suffice. Doing a thorough and professional job for your clients and your carr...s and sets your agency apart as a professional and ethical entity.

...ions coverage, which addresses professional mistakes, limited design services,...

... it's easy to do. In this case, we created two irrevocable Life insurance trusts (we call them super trusts) . One was funded with a policy on Joe's life; the other with a second-to-die policy (on Joe and Mary) . We used Joe's liquid assets and the funds in the IRA to pay the premiums. This second-opinion estate tax plan eliminated the Q-Tip tax trap. Better yet, it eliminated the entire estate tax liability by transferring it to the insurance carrier. Irving Blackman offers several publications designed to help ... it is. My job is usually to explain complex tax law in understandable language and to beat up the IRS-legally, of course. Recently, a man I'll call Joe asked me to give him a second opinion on his estate plan. Unwittingly, he and his professional advisors had fallen into an expensive tax trap. Here's his story: Joe (age 66) was married to his second wife Mary (age 52) . Joe had three kids from his first marriage. The size of his estate clearly put him in the ... annual income of the trust. Now here's the disaster. Joe would have blown the marital deduction. The estate tax would be $440,000 (55% times $800,000) . Withdrawal of funds from the IRA to pay this unexpected estate tax liability would be subject to income tax. Very complicated stuff. But the fact is that we have learned how to beat the estate tax. Best of all, it's easy to do. In this case, we created two irrevocable Life insurance trusts (we call ...

... payments. Contact the customers when they don't pay on time and find out why. Probably, they are facing difficulties that you can rectify. Manage Working Capital Working capital is the difference between your current assets and liabilities. It is a measure of your business's short-term liquidity. Use cash flow projections, budgeting, and cash management tools to manage it. The effort enables you to predict when your current assets exceed your liabilities. Also, consider investing in high-yielding short-term investments as they offer an additional source of liquidity. Increase Revenue ... capital necessary to grow your business. Also, keep in mind that cash flow management is an ongoing process. Review your strategies regularly and adjust when necessary. The goal of the CompleteMarkets editor is to bring valuable content to the CompleteMarkets members. Providing content to insurance professionals to enhance their sales process, increase revenue streams, understand their clients and provide value to their agency. Login or Register (for FREE) to gain access to thousands of other great articles. Need more reasons to join? Need insurance for you, your ... use of online payment systems, and set up recurring payments. Contact the customers when they don't pay on time and find out why. Probably, they are facing difficulties that you can rectify. Manage Working Capital Working capital is the difference between your current assets and liabilities. It is a measure of your business's short-term liquidity. Use cash flow projections, budgeting, and cash management tools to manage it. The effort enables you to predict when your current assets exceed your liabilities. Also, consider investing in high-yielding short-term investments as ...

... plan. Unwittingly, he and his professional advisors had fallen into an expens...it eliminated the entire estate tax liability by transferring it to the insura...

...tion and two employees) to the professional business entity of today. No wond...

.... LLPs are mostly for classic 'professional' firms, such as those comprised of...s. Be sure to consult appropriate professional advisors. Is your agency merg...

...taxation problems. Personal liability of the owner for debts of agency, ...e corporate shield against personal liability important? Does the agent have s...

... tax deferred rollover into other securities. He may merge with a large brokerage, possibly staying on for a time as an employee. The most typical transfer methods for an agency are sale of stock of a corporation, sale of assets of the agency, a partnership liquidation of the interest of a partner in a partnership, or a statutory merger or other reorganization of two corporations. 5.1.1. Price. The purchase price for the agency can be determined in a number of ways. There can be a formula, such as 1 ... carriers, wholesalers and service providers. Negotiate lucrative contracts with carriers and wholesalers. Net result. More revenue for your agency! Clients & Prospects will research you, your co-workers and your agency here. The most comprehensive online insurance industry reference library for - Personal Lines Professionals Commercial Lines Professionals Life/Health & Benefits Professionals Online newsletters and content that you can use for your clients and social media efforts. Ability to attach leads and clients to your specific market searches, with e-mail alerts for all the market, articles, blogs and ... from earnings of the business, with as little down as possible. He typically wants to be able to depreciate as many of the assets he acquires over as short a time as possible, to reduce the tax cost of the acquisition. He also wants to avoid liabilities of the acquired business, such as errors & omissions exposure. The seller may wish to defer tax from the sale. He normally wants as much of a down payment as possible. He typically would prefer to have capital gains treatment for the gain from the ...

Iso's Employment-Related Practices Liability Policy
ISO'S EMPLOYMENT-RELATED PRACTICES LIABILITY POLICY by Gary Griffin According ...ctions exclusion reads as follows: Liability arising out of an insured's reta...