Limited liability companies. A limited company is a fairly new
breed of business the formation of which most states allow. These
companies allow for the flexibility of a
and the safety of a
The shareholders are known as members. If a shareholder...or member...dies or becomes disabled the company still can be continued. The duration of the company is determined from the inception.
There is nothing more important than your family's security. What would happen to your family if you died? Would they be provided for? Compare Quality Quotes and Save up to 70%! The process is Fast, Easy and FREE. Click Here To Learn More
If the principals of limited
companies desire to continue the company beyond the set date they can
vote to continue it at the expiration of the originally time set...
The principals decide whether or not shares can be transferred or sold usually through the companies' operating agreement but can also be done through a separate agreement. The number of shareholders can be unlimited.
Limited liability companies are a little more complex to set up than
Although they are legal entities separate from their owners when it
comes to taxes assessed they and their owners are one.
They are usually taxed in a similar manner to a partnership, however, the members have the right to choose to be taxed like a corporation. They are set up by filing articles of organization with the state.
Advantages Of Limited Liability Companies
Disadvantages Of Limited Liability Companies
Limited Liability Companies And Life Insurance
It is important that limited liability companies plan for the possibility of the sudden
death or disability
of a shareholder or member. The company should have a binding
which would state that upon the death or disability of a shareholder
the stock owned by the deceased would be sold to the surviving members
at a prearranged price.
As the company progresses the agreement should be reviewed in order to make certain that the heirs of the deceased gets a fair price for his or her stock...
The big question here is how will this agreement be funded? The most efficient way to do this is to use
The company would own a policy on each of it's members equal to the
value of the shares owned by the particular member.
To put it simply, upon the death of a stockholder the life insurance company pays to the company the face amount of the life insurance policy. The company then uses these funds to purchase the deceased shares from his heirs.
Similarly in the case of disability the company buys disability buy-out policies on each of the members. If a member should become disabled the payment derived from the disability policy would go to the limited liability company which in turn use the funds to buy out the shares of the deceased member. This is also governed by an agreement and is binding...
Whether insurance kicks in because of death or disability
everybody is happy. The heirs are happy because they received full value
for the shares and the surviving partners are happy because they now
own the shares of their deceased or disabled member and the company can
Business Life Insurance
Limited Liability Companies
Don't pay too much for life insurance! Shop and compare Quality Quotes from Quality Carriers first. Just answer a few quick questions then get your Quotes. The process is Easy and FREE. Click Here For Free Quotes
Life Insurance Quotes 5 Year Term Life Insurance Policy 10 Year Term Insurance Policy 15 Year Term Life Insurance 20 Year Term insurance Insurance Policy 25 Year Term Life Insurance 30 Year Term Life Insurance Policy Universal Life Insurance Variable Universal Life Insurance Variable Life Insurance Whole Life Insurance Waiver Of Premium Accidental Death Benefit Financial Planning Estate Planning Accelerated Death Benefit Affordable Life Insurance Policy Affordable Term Life Insurance Annual Renewable Term Life Insurance Annuities Beneficiaries Of Unclaimed Life Insurance Best Life Insurance Company Best Term Life Insurance Buying Life Insurance Buy Term Life Insurance Cashing A Life Insurance Policy Cash Values C-Corporations Cheapest Life Insurance Cheap Mortgage Life Insurance Decreasing Term Life Insurance Quotes Deferred Annuities Define Term Life Insurance Definition Of A Universal Life Policy
Speak with a Licensed Agent:
Want to buy some life insurance no exam required? It is much easier to get than most people think.
Shop And Compare Term Life, Whole Life And Universal Life Insurance Rates From A Highly Rated Carrier
Term life insurance is life insurance in it's simplest form. These policies stay in force for a specific number of years, for example, 5 years 10 years etc.