Out of Biz Insurance
You've worked hard to build a successful business, and now you might not be too sure if things are going well. We have the information you need to stay ahead in the ever changing financial world.
"Group Captives" Insurance Scam
Just a few years ago, captive insurance companies were a hot news item in the arcane world of abusive tax shelters. Sleazy promoters were signing up small businesses in droves. If you created a cell captive as a property and casualty loss management tool, it’s probably legitimate. If you “bought” an off the shelf captive from a promoter who promised tax savings, there is a good chance you own an abusive tax shelter.
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