Unraveling the 831(b) Captive Insurance Company: A Powerful Strategy for Entrepreneurs
By: R. Kenner French Published on: 04/08/2024Captive insurance companies, specifically the 831(b) micro-captive, have emerged as a potent tool for business owners and entrepreneurs seeking to protect their assets and lower taxes. Through these specialized insurance companies, business owners can gain a myriad of benefits, including customized coverage and enhanced risk management. This article delves into the history of 831(b) captives, their efficacy in reducing taxes, the advantages they offer, how they can be tailored to individual needs, and why entrepreneurs should consider them as part of their overall business strategy.
