Three (3) Hours C.E.
This course explains the different types of business entities. Upon completion of the course, the student will be able to explain the importance of a buy/sell agreement to a business owner and determine what type of agreement would be appropriate for each type of entity. Taxation of premiums and proceeds of an insurance funded by a buy/sell agreement will also be covered. Key Employee Insurance will also be discussed and will include funding options, taxation of premiums, proceeds from a life insurance policy, and how to identify who is a key employee. Business Overhead Expense policies will be reviewed, as well as different types of overhead expenses covered by such a policy.