Insurers are NOT looking out for their insured's interests, they are looking out for their own rear-ends and those of their shareholders.

While I believe an S-Corp can pass through losses, the biggest issue is likely the 100 shareholder limit.  

The IRA invests into the LLC and the IRA account holder can then direct the affairs of the LLC - so long as they adhere to IRS rules against self-dealing.An S-corporation cannot be used here because a S-corp cannot accept an IRA as a shareholder.

You can't use S-corporation in conjunction with the retirement account because a retirement account (which is considered a trust) can not be a shareholder of an S-corp. 

Any profits earned funnel back to business owners, who choose to either pocket the cash, distribute it to shareholders as dividends, or reinvest it back into the business. 

The operating agreement will outline how the LLC is governed, how amendments are made, who manages the LLC, what rights you have as a share holder etc etc.

In your case, you're the coop shareholder and you know the board and how strict they are.

And if so obviously to be fair u would want too provide profit to your share holders by A either going public or B can u pay dividends on private shares?

He is one of the principal shareholders at Harrell, Stoebner & Russell, PC in Temple.

It's often a lot more work and then you still need to use the "shareholder rebolt" tactic to get the PR to cooperate.