Lately, I’ve been writing about all the financial and economic risks out there… and providing strategies to reduce your risk.
Some examples include the shortest-dated Treasury bills, collateral-backed loans and foreign currencies.
There are always risks with any investment – and even cash or near-cash strategies.
Fortunately, there’s an even better risk-adjusted return available: Reduce your taxes.
If you’re a business owner, the US tax code provides a tremendous opportunity for you to legally save up to $2.3 million annually in taxes… while still legitimately insuring your business against property and casualty-related risks.
This tax reduction strategy is called captive insurance.
Instead of paying insurance premiums to a giant insurance company, you can pay premiums to an insurance company that you own. The premiums paid to your insurance company are tax-free. You can then make safe investments, paying taxes only on the investment gains.
And again, you’ll still have coverage when your operating business files a claim.
This opportunity isn’t limited to only US citizens. Foreigners are free to own a captive insurance company structured in the US.
In this month’s letter, we’ll discuss the legal basis of captive insurance, how to set up this structure so you’re 100% compliant with the law and the reporting requirements that you need to know.
Read on to also discover tips on captive insurance from both my personal tax attorney and a friend of Sovereign Man who owns a successful captive insurance company.
Some examples include the shortest-dated Treasury bills, collateral-backed loans and foreign currencies.
There are always risks with any investment – and even cash or near-cash strategies.
Fortunately, there’s an even better risk-adjusted return available: Reduce your taxes.
If you’re a business owner, the US tax code provides a tremendous opportunity for you to legally save up to $2.3 million annually in taxes… while still legitimately insuring your business against property and casualty-related risks.
This tax reduction strategy is called captive insurance.
Instead of paying insurance premiums to a giant insurance company, you can pay premiums to an insurance company that you own. The premiums paid to your insurance company are tax-free. You can then make safe investments, paying taxes only on the investment gains.
And again, you’ll still have coverage when your operating business files a claim.
This opportunity isn’t limited to only US citizens. Foreigners are free to own a captive insurance company structured in the US.
In this month’s letter, we’ll discuss the legal basis of captive insurance, how to set up this structure so you’re 100% compliant with the law and the reporting requirements that you need to know.
Read on to also discover tips on captive insurance from both my personal tax attorney and a friend of Sovereign Man who owns a successful captive insurance company.
Lately, I’ve been writing about all the financial and economic risks out there… and providing strategies to reduce your risk. Some examples include the shortest-dated Treasury bills, collateral-backed loans and foreign currencies. There are always risks with any investment – and even cash or near-cash strategies. Fortunately, there’s an even better risk-adjusted return available: Reduce…
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