All Forum Posts by: Jeff Nash

This link from The Hartford should help you understand - https://www.thehartford.com/ge....  @Stanley J Black can help you with this.  

We have experience with both and @Stanley J Black might be someone to chat with. 

I think it is just a matter of personal choice and weighing the probability yourself.  In a place like Texas where I live there tends to be severe weather and frequent storms so raising your deductible for wind/hail to save on premium might not work out.  If you have a track history of little to no claims and the inherent risk is low then it might be worth running the numbers to see if a change is warranted.  As an agent I would just say be careful as luck would have it you’ll make a change and kick or cuss yourself out later!  @Stanley J Black might be worth chatting with as well to get some perspective.

Most of my clients are on QuickBooks Online as their information can be shared and easily viewable from a accounting/tax perspective.  There is also Azibo which is more of a startup company that I recently demoed and thought had some nice reporting features.  @Melissa Hartvigsen also provided some good feedback and reputable options to consider.  You just have to balance out your internal/external reporting needs.  

I'm not an attorney and don't know your full situation and all the facts and circumstances but would recommend you consult with one if you haven't done so in the past or already. The feedback I have seen and gotten more often than not is to form an entity in the state where you are operating. Again though, as a CPA I let the attorneys work with clients and determine what is best as the DIY options might leave you with a void that renders the LLC (or any entity for that matter) set up ineffective and useless.

As noted, more information is needed for sure but I can think of a few possible scenarios depending on each of your goals and objectives. 

@Stanley J Black can help and he is an independent broker that works with me.  Which carrier is most competitive depends on facts and circumstances and location.  There are probably just a handful of carriers at best that seem to routinely win out. 

Hi Chad, @Denver McClure and I are working with a client on a 1035 scenario right now and it is an easy process. I'll connect with you.

@Brian Perlman might be able to speak your question about NJ.  You are correct in your observation about the trend.  The biggest issue is legislative risk, and we saw that come into  play in Dallas recently,  

@Denver McClure has a significant client base in your profession and would be a good resource.