Passing the Torch: A Conversation on the Future of Insurance Agency Perpetuation
In a candid and wide-ranging conversation in front of agents across the country, Jeff Smith and Jarod Steed of IA Valuations unpacked the challenges, missteps, and opportunities surrounding perpetuation planning for independent insurance agencies.
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Is Investing Into AI Worth It?
AI is not here to replace independent agents, but it is here to amplify them. Disclaimer: This article was written with the help of generative AI. 7:45 a.m., not too far in the future. An agency owner sits at the kitchen table with a cup of coffee, scrolling headlines before the day gets away from…
To C-Corp or Not to C-Corp
Taxation Implications of Different Corporate Structures As another tax season approaches, now is an ideal time for independent insurance agency owners to reassess their corporate structure and evaluate whether they are positioned to minimize their annual tax burden – while also preparing for the long-term tax implications of a future sale. A thoughtful tax review…