https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2015/LIMITED-LIABILITY-COMPANIES-WHAT-YOU-NEED-TO-KNOW/
... Larry Morrison This content has not been rated yet. LIMITED LIABILITY COMPANIES: WHAT YOU NEED TO KNOW by Gary Jacobson and Larry Morrison Limited liability companies (LLCs) have been called the greatest innovation in business ownership in the Past 100 years. They combine the liability protection and the general look and feel of a corporation (although they're not corporations), with the flexibility and tax advantages of a partnership. However, along with those benefits and flexibility comes its inevitable corollary: complexity. The very fact that you have so much flexibility means that you're dealing with a complex entity. Every agent in the Commercial Property/Casualty insurance marketplace is seeing a steadily increasing number of clients organized as LLCs. To serve them properly and avoid E&O exposure, agents needs to know the basics of ... Employees Articles Blog Photos Group Connections Reviews IMMS Library Immerse yourself in our stacks. Take some time and browse through our library. We have thousands of articles, checklists, tip sheets, sales letters, and more! Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Limited Liability Companies: What You Need To Know 4/30/2013 10:43:12 PM by CompleteMarkets Editor , Larry Morrison This content has not been rated yet. LIMITED LIABILITY COMPANIES: WHAT YOU NEED TO KNOW by Gary Jacobson and Larry Morrison Limited liability companies (LLCs) have been called the greatest innovation in business ownership in the Past 100 years. They combine the liability protection and ...
https://completemarkets.com/Article/article-post/2395/Dollars-And-Sense-Of-Financial-Statements/
...t to the owners as dividends. A partnership or proprietorship will show net wo...
https://completemarkets.com/Article/article-post/1528/LEGAL-OUTLINE-FOR-CALIFORNIA-AGENCIES-TABLE-OF-CONTENTS/
...ORSHIP, CLUSTER OF INDIVIDUALS, PARTNERSHIP, OR CORPORATION 1.1 Some possi...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/1530/LEGAL-OUTLINE-FOR-CALIFORNIA-AGENCIES-CHAPTER-1/
...ORSHIP, CLUSTER OF INDIVIDUALS, PARTNERSHIP, OR CORPORATION. 1.1. Some poss...e corporate shield against personal liability important? Does the agent have s...
https://completemarkets.com/Article/article-post/2009/SELLING-YOUR-AGENCY-ASSET-vs-STOCK-SALE/
...nies, sole proprietorships, or partnerships. Because the issues for these oth... had adequate E&O and other Liability coverage, and that this coverag...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1534/LEGAL-OUTLINE-FOR-CALIFORNIA-AGENCIES-CHAPTER-5/
... . He may set up an Employee Stock Ownership Plan or ESOP, under which he sells out to the agency's employees, possibly using a 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 times or 1.25 times commissions. Such formulas have a way of getting out of date quickly, so they should be used with ... transfer of an agency, the interests of the buyer and seller differ. The buyer is concerned with being able to make the payments 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 sale of the business, rather than ordinary income treatment, if he will be at a higher income level after the sale and the ...
https://completemarkets.com/Article/article-post/1518/Confronting-Substance-Abuse-In-Small-Business/
...ommerce, unions, public/private partnerships, state and local governments, and...ng legislation that limits employer liability; and
Mandating reduced cost...
https://completemarkets.com/Article/article-post/2405/Can-Your-Agency-Become-Partners-With-A-Bank/
...re you proceed with a merger or partnership.
Where do you start? If you are an..., 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/2013/SEVEN-REALLY-BIG-ONES-TAX-SECRETS-THE-IRS-DOESNT-WANT-YOU-TO-KNOW/
...ive, and organized as a general partnership. Property/Casualty agencies are co...ng 'S' corporations into a general partnership. Those agencies interested in ...
https://completemarkets.com/Article/article-post/2544/Plan-of-Merger/
...operty owned by Axis and/or any partnership in which Axis is involved with Bat...er is terminated, there shall be no liability on the part of either Constituen...