Friday, November 28, 2008

Transfer of insurance "Book" of business

Agent owns 100% of sub-s "A" and wishes to transfer his "Book" of business to 100% owned sub-s "B". Transfer of the book means that B would be able to receive substantial future commissions on renewals, etc.

www.asktaxguru.com/360-transfer-of-insurance-book-of-business.html