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Captive Eligibility

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Captive Insurance Company Eligibility Requirements - Is a Captive  Right for You?   

Typical Captive Owner Profile

For the past 20 years, the vast majority of Fortune 500 Companies have received millions of dollars in insurance savings as a result of owning their own Captive Insurance Companies. At Wealth Management Solutions, we help  the owners of privately held businesses to achieve the same Captive ownership benefits which most Fortune 500 Companies enjoy. At WMS we recognizes that no two businesses are the same. That's why we custom tailor  every Captive Insurance Solution  to meet the unique needs of each client.  Regardless, of the type and number of businesses you own, where they are located, or how you own them (i.e., as a stockholder, partner, member, trustee, etc.) WMS can custom tailor a Captive Insurance Solution that meets all your needs. To learn more about the benefits of owning your own Captive Insurance  Company, call us today at (201)-995-9085 ext - 5 or click on this Free Consultation link  to arrange for a no  obligation Free Consultation  with one of our knowledgeable professionals  at a time that's convenient for you!  

In order to justify the expense of owning and operating a Captive Insurance Company you should be prepared to pay a minimum of $350,000 per year in premiums to your Captive to insure at least 3 or more businesses which you own or control. Each business you insure with your Captive must have employees, and/or assets, revenues and profits in order to be insured. The legal form of each business you insure with your Captive can be a Sole Proprietorship, Partnership (all types), a Corporation (regular and Sub-S), a Professional Corporation, a Limited Liability Companies (2 or more members)  or a Trust (non-grantor). The only legal forms which are not eligible are Grantor Trusts and single member Limited Liability Companies that are disregarded entities. Finally, Captive Insurance Companies are legally required to maintain at least $100,000 in Capital at all times. You must therefore be able to Capitalize your Captive Insurance Company with an initial Capital Contribution of $100,000.  Business owners who fail to meet some or all of these eligibility requirements can still achieve a significant degree of Captive Insurance benefits by participating in one of our "Rent a Captive"  programs (a.k.a. Segregated Cell Captive,  or Segregated Portfolio Captive, or Sponsored Captive)  To determine if you and your businesses are eligible to own a Captive Insurance Company, or to learn more about one of our Rent a Captive programs, please complete and submit the  Free Consultation Request Form at the bottom of this page. Once we receive your completed form, one of our knowledgeable Captive Insurance professionals  will contact you.

There are no other eligibility restrictions on the type of businesses your Captive can insure or how you own them (i.e., as an owner,  stockholder, partner, member, trustee, etc.). Our clients own businesses in a wide range of industries and Professions and operate these businesses under various legal forms including: Sole Proprietorship, Partnerships (all types), Corporations (regular and Sub-S), Professional Corporations, Limited Liability Companies(2 or more members)  and non-grantor Trusts. In addition, there are no eligibility restrictions regarding the location, annual sales, or number of employees of your businesses. The one thing all of our clients do have in common is a desire to reduce their insurance costs while also increasing their coverage. Our clients also appreciate the ancillary tax benefits and incentives which result from owning a Captive Insurance Company.  

The typical WMS client owns 6 or more privately held businesses which collectively have 100 or more employees, over $15 million in Total Assets, over $25 million in annual Revenues, and over $1.5 million in annual pre-tax profits. All of our clients have business locations inside the United States and a significant number also have businesses locations or operations in foreign countries. Our clients operate their businesses as sole proprietorships, corporations, limited liability companies (2 or more members), professional corporations, partnerships, limited partnerships, limited liability partnerships, non-grantor trusts, and several other popular business forms and have made elections to pay taxes as  individuals, sole proprietorships, sub-S corporations, partnerships, corporations,  or taxable trusts. WMS and its associates have successfully created a number of Captive Insurance Companies for a wide range of business and their owners. At WMS we recognize that no two businesses are alike. That's why we custom tailor every Captive Insurance Solution to meet the unique needs of each client.  Regardless, of the type and number of businesses you own, where they are located, or how you own them (i.e., as a stockholder, partner, member, trustee, etc.) WMS can custom tailor a Captive Insurance Solution that meets all your needs. To  learn  more  about  the  benefits  of  owning your  own  Captive  Insurance  Company,  request  a Free Consultation with one of our knowledgeable professionals  by clicking this  Free Consultation link now!

Get a Free Consultation

In order to schedule a Free Consultation you must fill out and submit the Form shown below. Please provide us with your contact information for all (*) fields below and we will promptly respond to your information request.  All information you provide is confidential and WMS does not  share, sell or disclose any information you provide to any other parties.  

Note: Please provide a valid business email and  website address as well as a business phone number  or we will be unable to contact you.

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