Health insurance is one of those things that is an expense that becomes more and more complicated. It appears to be the hardest to manage and has the most options with companies that have 100 employees or more.
Some of these subjects are crucially important to business owners and others are just things they will be interested in and want to know more about. I think understanding what is crucial versus just interesting will help you know how much time you should spend becoming knowledgeable in these different areas.
This post is for the techno geeks among us who use complicated planning structures with our Clients.
I had a conversation with a Client today about using an 831(b) captive insurance company as an addition to their partially self-funded insurance program. They presently are insuring about 250 people through their fully insured program and feel they can do better by installing a partially self-funded program.
Today’s environment is not a good one for selling your business. In many instances it’s better to sell your business to key employees and management than to a third party.
The goal when selling to your managers is to reduce the total tax cost of the transaction. We know that when we do a stock sale, the maximum amount of total taxes are paid. This is because the buyer uses after tax dollars to pay for stock.