https://completemarkets.com/Article/article-post/2156/E-O-LEGAL-ACTIONS-THE-AGENCY-NEMESIS/
...ional plan? The vast quantities of paper from insurance agencies alone must ac...y someone who can objectively examine paper or media trail. In other words, do...
https://completemarkets.com/Article/article-post/70/If-The-Niche-Fits-Designing-The-Niche-Program-Questionnaire/
...gram be on admitted or nonadmitted paper?
A. Most insurance company groups can...in California who need Professional Liability insurance? What about the number...
https://completemarkets.com/Article/article-post/732/Commercial-Lines-Insurance-Checklist/
...
Valuable Papers
...
Fire Legal Liability
...
https://completemarkets.com/Article/article-post/2147/TAX-IMPLICATIONS-OF-BUYING-AND-SELLING-AGENCIES/
...ould also receive another piece of paper, a W-2 for $250,000 (10% of the $2.5 ...
https://completemarkets.com/Article/article-post/943/MANAGING-TO-AVOID-ERRORS-OMISSIONS-PROBLEM/
...e and sometimes even preferable to paper files. Virtually every communication.... Cutting corners to get an account generally isn’t worth it &mdash...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2147/TAX-IMPLICATIONS-OF-BUYING-AND-SELLING-AGENCIES/
... for 10% of the stock of the agency. Unfortunately for Pete, this is neither a “like-kind exchange” nor a corporate reorganization. When he receives 10% of the stock of ABC Agency, he should also receive another piece of paper, a W-2 for $250,000 (10% of the $2.5 million) on which he will have to pay taxes. Assuming Pete resides in a state with an income tax rate of 4%, he will pay $10,000 to ... $90,288, Joe is left with $511,632, a far cry from the $1 million sale price of the agency. Now let's assume that instead of being a C Corporation, Jones Insurance Agency is an S Corporation. Since S corporations generally don't pay taxes, the $1 million of sales price will flow onto Joe's K-1 from the corporation s income. (Although this is usually a split of ordinary income and capital gains, let's assume the entire amount s ordinary income, for ease of example ... to the IRS (assuming a marginal tax rate of 34%) . Does he have the money? Note that if an agency is considering hiring a seasoned producer who's coming with a book of business, it might be possible to treat the producer as an independent contractor with his own corporation, and later consider doing a stock swap to mitigate the tax impact to the producer. Summary Buying, selling, and perpetuating insurance agencies can be highly complex transactions that have significant impact on both the buyer and seller if not structured properly ...
https://completemarkets.com/Article/article-post/237/Ethics-And-E-O/
..., delete, or amend anything in the paper or computer file. That's definitely u...