Many businesses will purchase a master life insurance policy on their entire company. Most often these are $50,000 policies on each and every employee contingent upon working a minimum period of time (like 90 days). The face value is paid out to the designated beneficiary as assigned by the respective employees.
One of the more significant expenses for the small business owners is income taxes. Since most small businesses are tax pass through entities, it is beneficial to the business to have the least amount of […]