What is an 831(b) and How it Can Protect Your Business

Welcome back to another episode of the richer geek podcast. Today, we're going to get into some strategic risk alternatives as far as you know, helping us save some money for those unexpected times, our guest Clay Ogden, in his role as National Business Development Manager, he does it all as he interacts with business owners and advisors to identify risk management strategies.

 

In this episode we’re discussing…

 

  •        [1:38] Why is it important to set aside excess funds?

 

 

  •        [4:05] Managing the risks of insurance

 

  •        [8:48] How to pull capital back into the business?

 

 

  •        [11:06] What are the tax implications of captives?

 

 

  •        [14:58] There’s no right way to do this

 

 

  •        [16:52] Is this just a tax shelter?

 

 

  •        [21:16] The fee structure of the program.

 

 

  •        [22:41] What is a retain liability fee?

 

 

  •        [26:23] Clay’s advice for small business owners.

 

Resources from Clay

 

SRA 831b | LinkedIn | Facebook

 

ABOUT CLAY OGDEN

Clay could easily be described as the ace of the SRA Team. In his role as National Business Development Manager, Clay does it all as he interacts with business owners and advisors to identify risk management strategies. As a former professional Golfer on the Nationwide, Web. com, Canadian and mini-tours, Clay nurtures many of his business relationships on the course and brings more than 12 years in risk mitigation to identify opportunities and consult with clients and representatives

Nichole Stohler