Reflection Paper
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Name of the company: Continental Resources
1- What is the solution: Series LLC, check it and give me more details about it please
2- Why do you choose the solution for the company?
3- How the serial LLC as the form of captive insurance was the best solution due to its substantial tax benefits and potential for wealth accumulation over time? I think its preferable when compared to a pure captive, due to the size of the company itself.
4- How Oklahoma City has favorable laws for the treatment of serial LLC’s. since the company operates mainly in Oklahoma City, it makes sense to take advantage the current laws.
5- How all the insurance services will operate within the first block of the LLC, allowing management to solely focus on business operations.
6- How the company can be different after the solution in the future?
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