How Small Businesses Benefit from 831(b) Captive Insurance Plans
For small and mid-sized businesses in Oklahoma, 831(b) captive insurance plans offer a unique way to reduce taxes while protecting against risks that traditional insurance won’t cover. These plans are gaining popularity among business owners looking for financial efficiency and control.
What Is an 831(b) Plan?
An 831(b) plan allows a business to form its own captive insurance company. The business pays premiums into the captive, deducts those premiums as expenses, and the captive covers specified risks.
Key Benefits
- Tax savings: Premiums are tax-deductible.
- Custom coverage: Protect against unique or excluded risks.
- Wealth building: Captive reserves can accumulate over time.
- Greater control: Owners oversee claims and investments.
Who Qualifies?
Businesses with $1M–$50M in revenue are typically the best fit. Industries like construction, healthcare, and professional services often benefit the most.
Anchor’s Guidance
Anchor Financial Group helps Oklahoma business owners evaluate, structure, and manage 831(b) plans responsibly to maximize benefits and avoid IRS scrutiny.
An 831(b) plan can transform how small businesses handle risk and taxes. Anchor helps Oklahomans put it to work.
Explore 831(b) plan options today
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