When business owners read their insurance policies and discuss their business risks with their commercial insurance agents, they realize there are gaps in current coverage that aren't covered by traditional insurers. To solve this problem, business owners often turn to a captive insurance company.
A “captive” is an insurance company specifically established to insure the risks of an organization. Owning your own insurance company comes with advantages that help you gain better control over your business’s risk management, earnings, and tax planning.
The Law Office of David Neufeld can help you to explore all the benefits of captive insurance and set up a captive in the appropriate jusrisdiction.
Regarding: IRS Notice 2016-16: Here is the article that appears in the Leimberg Information Service Inc. (LISI) Newsletter, the predominant subscription resource for the estate planning community (Click).