Reason 4 to Form a Captive
Reason 4 to Form a Captive
Reason 4: Possible tax advantages and asset protection: There are significant advantages for pre-funding losses through a captive insurance company. Also, assets in the captive are not subject to creditors and attorneys. “Captives are one of the best—if not the very best—asset protection tools available to business owners,” according to Financial Planning Magazine, November, 2009.