An article by one of our vice presidents, Ann Chilton, has been published in "Exclusivefocus", a trade publication for Allstate insurance agents. The link to the magazine is
www.napaausa.org/Upload/EF%20Summer08.pdf
Ann neatly summarizes the benefits of incorporating, business entity types and the incorporating process.
In addition the the number one reason for incorporating, protecting personal assets, she also cites the tax benefits (pension, profit sharing and stock ownership plans available only to corporations) to both lower a company's taxable income as well as medical, life and disability insurance premiums that are tax-deductible.
Ann touches on LLC and S-Corporation tax status, a capital-raising method
s that corporations can use and the added credibility and stability a corporation or LLC adds to a new business.
Please check out both her articles and the magazines other features for some insight into the insurance business.
See you at the next post!
Friday, August 22, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment