https://completemarkets.com/Article/article-post/174/From-Estate-Tax-Trap-To-Tax-Victory/
From Estate Tax Trap To Tax Victory
You hear it all the time: 'Tax law is too complicated.' Well, it is. My job is usually to explain complex tax law in understandable language and to ...e 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...
https://completemarkets.com/Article/article-post/946/IS-EMPLOYEE-OWNERSHIP-RIGHT-FOR-YOUR-AGENCY-PART-I/
...e program. Although changes in the tax laws have reduced some of the benefits...er ownership incentives: Phantom stock and vesting in a book of business. To...
https://completemarkets.com/Article/article-post/2023/HOW-TO-BUY-SELL-MERGE-OR-PERPETUATE-AN-AGENCY-INTRODUCTION-%E2%80%93-PART-IV/
...rangements for agency valuation and tax issues, shareholder internal buy/sell ...e, mergers, and business succession planning. You can reach him at (866) 498-0...
https://completemarkets.com/Article/article-post/2021/HOW-TO-BUY-SELL-MERGE-PERPETUATE-AN-AGENCY-II/
...angements for agency, valuation and tax issues, shareholder internal buy/sell ...e, mergers, and business succession planning. You can reach him at (866) 498-0...
https://completemarkets.com/Article/article-post/2433/Life-Insurance-An-Agent%E2%80%99s-Tutorial/
...r business planning. Current estate tax law has encouraged a variation called ...n can’t predict the price of a policy, and can’t be used to choose one policy ...
https://completemarkets.com/Article/article-post/989/Agents-Responsibility-For-Company-Insolvency/
...e assessments against state premium taxes, which often go to support necessary...olvencies will continue to be of major and immediate concern for agents during...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1534/LEGAL-OUTLINE-FOR-CALIFORNIA-AGENCIES-CHAPTER-5/
... 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 ... Us Services Jobs PR Newsletters 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 Legal Outline For California Agencies - Chapter 5 4/30/2013 10:39:41 PM by CompleteMarkets ... agency owner has no income tax basis in his agency, which he normally has built up with his own efforts. This means that the entire gain on a sale is subject to tax. An exception exists when the owner purchased or inherited the agency, in which case the purchase price or estate tax valuation may give him a tax basis in the agency, and make capital gains treatment more important to him. The owner of an incorporated agency would like to avoid double taxation, once tax on the corporation's sale of the agency ...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1863/AGENCY-PERPETUATION/
... and acquiring agencies. If the agency desired to add the strategy of ownership perpetuation, it would need to deal with the person of the perpetuation. After identification of the person or persons, more detailed planning is necessary in the areas of buy-sell agreements, legal and tax considerations, timing, mergers or sales, and financial arrangements. The same type of procedure could be done for each of the other categories. GOALS AND OBJECTIVES The mission statement and strategies are given in broad, general terms. Goals and objectives, on the ... Us Services Jobs PR Newsletters 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 Agency Perpetuation 4/30/2013 10:41:58 PM by CompleteMarkets Editor , E.J. Leverett This ... prevails in the general insurance agency business, although it is sometimes difficult to recognize as an objective separate from that of profit-making. Some cynics insist that profit is the only objective of an agency. This is an issue which cannot be resolved here. There are many cases in which prestige is an end rather than a means because it is a source of personal satisfaction for the agent. PERSONAL SATISFACTION Income, profit, growth, and prestige provide personal satisfaction for agents who achieve these objectives by running an insurance operation. While most ...
https://completemarkets.com/Article/article-post/1534/LEGAL-OUTLINE-FOR-CALIFORNIA-AGENCIES-CHAPTER-5/
...t a time as possible, to reduce the tax cost of the acquisition. He also wants...dent, suffering both estate and income tax (with
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/946/IS-EMPLOYEE-OWNERSHIP-RIGHT-FOR-YOUR-AGENCY-PART-I/
... contribution to the ESOP will also be based on performance — so the plan can provide an incentive program that rewards both individual and group results. ESOPs were popular in the 1980s more as an internal perpetuation mechanism than as an employee incentive program. Although changes in the tax laws have reduced some of the benefits in using ESOPs as perpetuation financing plans, they still offer an attractive ownership transfer option for agencies that meet certain stringent criteria: The agency principals must favor employee ownership; however, it's not necessary to give ESOP participants voting ... Us Services Jobs PR Newsletters 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 Is Employee Ownership Right For Your Agency? Part I 4/30/2013 10:35:25 PM ... employed for at least two years. At that time, successful candidates will be allowed to either: Purchase stock immediately (with or without a discount) . Receive a stock option for purchase (usually at a discount or with a frozen value) . In the case of a family situation, be given stock. Depending on the perpetuation goals and personal wishes of the principals, ownership can take the form of voting stock, non-voting stock, or junior stock. If you're giving a discount or the amount of stock being offered ...