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	<title>Insurance Fundi &#187; Business Insurance</title>
	<atom:link href="http://www.insurancefundi.co.za/category/business-insurance/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.insurancefundi.co.za</link>
	<description>Because everyone has something to lose</description>
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		<title>How are partnerships taxed?</title>
		<link>http://www.insurancefundi.co.za/partnership-tax</link>
		<comments>http://www.insurancefundi.co.za/partnership-tax#comments</comments>
		<pubDate>Sat, 04 Feb 2012 12:58:29 +0000</pubDate>
		<dc:creator>Lawrence</dc:creator>
				<category><![CDATA[All Posts]]></category>
		<category><![CDATA[Business Insurance]]></category>
		<category><![CDATA[Partnership]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://www.insurancefundi.co.za/?p=7624</guid>
		<description><![CDATA[While I’d prefer discussing business insurance with you, tax is always fun.
I mean think about it, should the partnership be viewed as a funnel with all the money pouring in the top, all the expenses being deducted, tax paid on whatever&#8217;s left over by the partnership, and the tax-free profit [...]
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<li><a href='http://www.insurancefundi.co.za/sole-proprietors-tax' rel='bookmark' title='How are sole proprietors taxed?'>How are sole proprietors taxed?</a></li>
<li><a href='http://www.insurancefundi.co.za/partnerships' rel='bookmark' title='What Are The Advantages And Disadvantages Of Being In Partnership?'>What Are The Advantages And Disadvantages Of Being In Partnership?</a></li>
<li><a href='http://www.insurancefundi.co.za/common-law' rel='bookmark' title='Legally Speaking, Isn&#8217;t &#8216;Living Together&#8217; The Same Thing As Being Married?'>Legally Speaking, Isn&#8217;t &#8216;Living Together&#8217; The Same Thing As Being Married?</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>How are sole proprietors taxed?</title>
		<link>http://www.insurancefundi.co.za/sole-proprietors-tax</link>
		<comments>http://www.insurancefundi.co.za/sole-proprietors-tax#comments</comments>
		<pubDate>Wed, 18 Jan 2012 22:00:02 +0000</pubDate>
		<dc:creator>Lawrence</dc:creator>
				<category><![CDATA[All Posts]]></category>
		<category><![CDATA[Business Insurance]]></category>
		<category><![CDATA[Sole Proprietors]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://www.insurancefundi.co.za/?p=7202</guid>
		<description><![CDATA[
Here is the most important thing you need to know (besides insurance, of course!) about sole proprietors and income tax… Sole proprietors are taxed as individuals!
Take a moment to imagine a funnel…
Got it?
Okay, now imagine all the sales pouring in at the top of the funnel. Now, as all these [...]
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<li><a href='http://www.insurancefundi.co.za/should-i-open-a-business-as-a-sole-proprietor/' rel='bookmark' title='Should I Open A Business As A Sole Proprietor?'>Should I Open A Business As A Sole Proprietor?</a></li>
<li><a href='http://www.insurancefundi.co.za/sole-proprietor' rel='bookmark' title='What Are The Advantages And Disadvantages Of Owning Your Business As A Sole Proprietor?'>What Are The Advantages And Disadvantages Of Owning Your Business As A Sole Proprietor?</a></li>
<li><a href='http://www.insurancefundi.co.za/close-corp-member' rel='bookmark' title='Close Corporations – Who Can And Cannot Become A Member?'>Close Corporations – Who Can And Cannot Become A Member?</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Should I Open A Business As A Sole Proprietor?</title>
		<link>http://www.insurancefundi.co.za/should-i-open-a-business-as-a-sole-proprietor/</link>
		<comments>http://www.insurancefundi.co.za/should-i-open-a-business-as-a-sole-proprietor/#comments</comments>
		<pubDate>Thu, 12 Jan 2012 14:23:26 +0000</pubDate>
		<dc:creator>Brendan</dc:creator>
				<category><![CDATA[All Posts]]></category>
		<category><![CDATA[Business Insurance]]></category>

		<guid isPermaLink="false">http://www.insurancefundi.co.za/?p=7344</guid>
		<description><![CDATA[
If you’re just starting out in business for yourself &#8211; and don’t know which way to turn when it comes to deciding on how to structure your business &#8211; then why not consider a sole proprietorship.
But, like everything else, you need to know that there are two sides to the [...]
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<li><a href='http://www.insurancefundi.co.za/sole-proprietor' rel='bookmark' title='What Are The Advantages And Disadvantages Of Owning Your Business As A Sole Proprietor?'>What Are The Advantages And Disadvantages Of Owning Your Business As A Sole Proprietor?</a></li>
<li><a href='http://www.insurancefundi.co.za/sole-proprietors-tax' rel='bookmark' title='How are sole proprietors taxed?'>How are sole proprietors taxed?</a></li>
<li><a href='http://www.insurancefundi.co.za/preferred-compensation' rel='bookmark' title='Business Insurance | Use Preferred Compensation To Retain Top Staff'>Business Insurance | Use Preferred Compensation To Retain Top Staff</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Business Insurance &#124; Use Preferred Compensation To Retain Top Staff</title>
		<link>http://www.insurancefundi.co.za/preferred-compensation</link>
		<comments>http://www.insurancefundi.co.za/preferred-compensation#comments</comments>
		<pubDate>Mon, 22 Aug 2011 18:13:29 +0000</pubDate>
		<dc:creator>Lawrence</dc:creator>
				<category><![CDATA[All Posts]]></category>
		<category><![CDATA[Business Insurance]]></category>
		<category><![CDATA[Preferred Compensation]]></category>

		<guid isPermaLink="false">http://www.insurancefundi.co.za/?p=6329</guid>
		<description><![CDATA[Here’s an interesting twist to the “carrot and the stick” principle when it comes to business insurance…It’s called “preferred compensation” and when it comes to insurance solutions, it might make a lot of sense in your business!
So what’s the purpose of preferred compensation then?
To keep valuable staff in your company…that’s [...]
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<li><a href='http://www.insurancefundi.co.za/keyperson-how-it-works' rel='bookmark' title='Key Person Insurance | How Does Key Person Insurance Work?'>Key Person Insurance | How Does Key Person Insurance Work?</a></li>
<li><a href='http://www.insurancefundi.co.za/should-i-open-a-business-as-a-sole-proprietor/' rel='bookmark' title='Should I Open A Business As A Sole Proprietor?'>Should I Open A Business As A Sole Proprietor?</a></li>
<li><a href='http://www.insurancefundi.co.za/sole-proprietor' rel='bookmark' title='What Are The Advantages And Disadvantages Of Owning Your Business As A Sole Proprietor?'>What Are The Advantages And Disadvantages Of Owning Your Business As A Sole Proprietor?</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Close Corporations &#124; Should You Have An Association Agreement In Place?</title>
		<link>http://www.insurancefundi.co.za/association-agreements</link>
		<comments>http://www.insurancefundi.co.za/association-agreements#comments</comments>
		<pubDate>Wed, 13 Jul 2011 17:36:33 +0000</pubDate>
		<dc:creator>Lawrence</dc:creator>
				<category><![CDATA[All Posts]]></category>
		<category><![CDATA[Business Insurance]]></category>
		<category><![CDATA[Association Agreements]]></category>
		<category><![CDATA[Close Corporations]]></category>

		<guid isPermaLink="false">http://www.insurancefundi.co.za/?p=6070</guid>
		<description><![CDATA[In terms of the Close Corporations Act, members of the close corporation have a duty only to the Corporation. If a member breaches this fiduciary duty then they are held personally liable for any losses to the CC.
But what about their duty towards each other?
Since the Act doesn’t provide for [...]
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<li><a href='http://www.insurancefundi.co.za/close-corp-member' rel='bookmark' title='Close Corporations – Who Can And Cannot Become A Member?'>Close Corporations – Who Can And Cannot Become A Member?</a></li>
<li><a href='http://www.insurancefundi.co.za/close-corporation-protection' rel='bookmark' title='Am I Safe From Creditors In A Close Corporation?'>Am I Safe From Creditors In A Close Corporation?</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Financial Planning &#124; What Is The Meaning Of ‘Insurable Interest’?</title>
		<link>http://www.insurancefundi.co.za/insurable-interest</link>
		<comments>http://www.insurancefundi.co.za/insurable-interest#comments</comments>
		<pubDate>Wed, 22 Jun 2011 16:43:47 +0000</pubDate>
		<dc:creator>Lawrence</dc:creator>
				<category><![CDATA[All Posts]]></category>
		<category><![CDATA[Business Insurance]]></category>
		<category><![CDATA[Car and Home Insurance]]></category>
		<category><![CDATA[Commercial Insurance]]></category>
		<category><![CDATA[Financial Planning]]></category>
		<category><![CDATA[Life Insurance]]></category>
		<category><![CDATA[Insurable Interest]]></category>

		<guid isPermaLink="false">http://www.insurancefundi.co.za/?p=5941</guid>
		<description><![CDATA[

“Can you guys help? I want to insure my ex-boyfriend’s life because he still owes me money!”
“I’d like to take out a life insurance policy on my gardener’s life so that I can pay his funeral costs one day.”
“I’m lending my mom’s car so I’d like to insure it please.”
“I’m [...]
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<li><a href='http://www.insurancefundi.co.za/valid-insurance-contracts' rel='bookmark' title='Financial Planning | What Forms The Basis Of Valid Insurance Contracts'>Financial Planning | What Forms The Basis Of Valid Insurance Contracts</a></li>
<li><a href='http://www.insurancefundi.co.za/financialplanningbasics-2/' rel='bookmark' title='What is financial planning?'>What is financial planning?</a></li>
</ol>]]></description>
		<wfw:commentRss>http://www.insurancefundi.co.za/insurable-interest/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Key Person Insurance &#124; How Does Key Person Insurance Work?</title>
		<link>http://www.insurancefundi.co.za/keyperson-how-it-works</link>
		<comments>http://www.insurancefundi.co.za/keyperson-how-it-works#comments</comments>
		<pubDate>Mon, 23 May 2011 18:23:49 +0000</pubDate>
		<dc:creator>Lawrence</dc:creator>
				<category><![CDATA[All Posts]]></category>
		<category><![CDATA[Business Insurance]]></category>
		<category><![CDATA[Key person Insurance]]></category>

		<guid isPermaLink="false">http://www.insurancefundi.co.za/?p=5524</guid>
		<description><![CDATA[
Adrian Gore, the CEO of Discovery Holdings, is a perfect example of what a key person is.
For our international readers, think of Richard Branson, Bill Gates, Warren Buffett, and Steve Jobs!
While Discovery, or Microsoft for that matter, won’t close their doors should either leader pass away, surely it would impact [...]
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<li><a href='http://www.insurancefundi.co.za/close-corp-member' rel='bookmark' title='Close Corporations – Who Can And Cannot Become A Member?'>Close Corporations – Who Can And Cannot Become A Member?</a></li>
<li><a href='http://www.insurancefundi.co.za/sole-proprietors-tax' rel='bookmark' title='How are sole proprietors taxed?'>How are sole proprietors taxed?</a></li>
</ol>]]></description>
		<wfw:commentRss>http://www.insurancefundi.co.za/keyperson-how-it-works/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Close Corporations – Who Can And Cannot Become A Member?</title>
		<link>http://www.insurancefundi.co.za/close-corp-member</link>
		<comments>http://www.insurancefundi.co.za/close-corp-member#comments</comments>
		<pubDate>Tue, 29 Mar 2011 18:59:40 +0000</pubDate>
		<dc:creator>Lawrence</dc:creator>
				<category><![CDATA[All Posts]]></category>
		<category><![CDATA[Business Insurance]]></category>

		<guid isPermaLink="false">http://www.insurancefundi.co.za/?p=4516</guid>
		<description><![CDATA[
Every now and again we run into a business owner who wants to know whether he or she should transfer ownership of their close corporation to their family trust.
So while I’ve on the subject of close corporations I thought you might find this interesting!

Let’s start off with how many members [...]
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<li><a href='http://www.insurancefundi.co.za/association-agreements' rel='bookmark' title='Close Corporations | Should You Have An Association Agreement In Place?'>Close Corporations | Should You Have An Association Agreement In Place?</a></li>
<li><a href='http://www.insurancefundi.co.za/close-corporation-protection' rel='bookmark' title='Am I Safe From Creditors In A Close Corporation?'>Am I Safe From Creditors In A Close Corporation?</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Close Corporations &#8211; Are There Still Advantages To Owning One?</title>
		<link>http://www.insurancefundi.co.za/close-corp-advantages</link>
		<comments>http://www.insurancefundi.co.za/close-corp-advantages#comments</comments>
		<pubDate>Tue, 29 Mar 2011 13:19:13 +0000</pubDate>
		<dc:creator>Lawrence</dc:creator>
				<category><![CDATA[All Posts]]></category>
		<category><![CDATA[Business Insurance]]></category>

		<guid isPermaLink="false">http://www.insurancefundi.co.za/?p=4470</guid>
		<description><![CDATA[
&#160;
In my previous post regarding close corporations we dealt with the myth of being safe from creditors.
Now it wasn’t my intention to frighten you away from close corporations…no, indeed, there are definite advantages to operating in a CC!
Here are just a few of them:


A close corporation provides for perpetual succession. [...]
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<li><a href='http://www.insurancefundi.co.za/association-agreements' rel='bookmark' title='Close Corporations | Should You Have An Association Agreement In Place?'>Close Corporations | Should You Have An Association Agreement In Place?</a></li>
<li><a href='http://www.insurancefundi.co.za/sole-proprietor' rel='bookmark' title='What Are The Advantages And Disadvantages Of Owning Your Business As A Sole Proprietor?'>What Are The Advantages And Disadvantages Of Owning Your Business As A Sole Proprietor?</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Small Business Owners &#8211; Why Would You Need Expert Insurance Advice?</title>
		<link>http://www.insurancefundi.co.za/business-owner-expert-advice</link>
		<comments>http://www.insurancefundi.co.za/business-owner-expert-advice#comments</comments>
		<pubDate>Tue, 29 Mar 2011 08:58:34 +0000</pubDate>
		<dc:creator>Brendan</dc:creator>
				<category><![CDATA[All Posts]]></category>
		<category><![CDATA[Business Insurance]]></category>
		<category><![CDATA[Commercial Insurance]]></category>

		<guid isPermaLink="false">http://www.insurancefundi.co.za/?p=4436</guid>
		<description><![CDATA[
Running any business is really hard! I know this first hand because I have my own insurance business and my wife recently started an online baby shop. Stressful? You bet ya!
In my opinion, small business owners have the toughest job in the world. Trying to juggle everything without too many [...]
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</ol>]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Am I Safe From Creditors In A Close Corporation?</title>
		<link>http://www.insurancefundi.co.za/close-corporation-protection</link>
		<comments>http://www.insurancefundi.co.za/close-corporation-protection#comments</comments>
		<pubDate>Wed, 23 Feb 2011 12:19:33 +0000</pubDate>
		<dc:creator>Lawrence</dc:creator>
				<category><![CDATA[All Posts]]></category>
		<category><![CDATA[Business Insurance]]></category>

		<guid isPermaLink="false">http://www.insurancefundi.co.za/?p=3909</guid>
		<description><![CDATA[
First things first…what exactly is a close corporation?
In 15 words:
A close corporation is a legal business entity which is separate from its individual members!
Here’s the longer version:

A close corporation is a separate legal entity from its members. The close corporation owns the assets of the business, as opposed to sole [...]
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<li><a href='http://www.insurancefundi.co.za/association-agreements' rel='bookmark' title='Close Corporations | Should You Have An Association Agreement In Place?'>Close Corporations | Should You Have An Association Agreement In Place?</a></li>
<li><a href='http://www.insurancefundi.co.za/close-corp-member' rel='bookmark' title='Close Corporations – Who Can And Cannot Become A Member?'>Close Corporations – Who Can And Cannot Become A Member?</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What Are The Advantages And Disadvantages Of Being In Partnership?</title>
		<link>http://www.insurancefundi.co.za/partnerships</link>
		<comments>http://www.insurancefundi.co.za/partnerships#comments</comments>
		<pubDate>Thu, 27 Jan 2011 16:31:51 +0000</pubDate>
		<dc:creator>Lawrence</dc:creator>
				<category><![CDATA[All Posts]]></category>
		<category><![CDATA[Business Insurance]]></category>

		<guid isPermaLink="false">http://www.insurancefundi.co.za/?p=3574</guid>
		<description><![CDATA[
This is the business model that Brendan and I chose when deciding to open our business &#8211; so the last thing I’m going to do is badmouth partnerships, ok?
A partnership is one of the easiest ways for two people to open a business but there are a few catches you [...]
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<li><a href='http://www.insurancefundi.co.za/close-corp-advantages' rel='bookmark' title='Close Corporations &#8211; Are There Still Advantages To Owning One?'>Close Corporations &#8211; Are There Still Advantages To Owning One?</a></li>
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</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What Are The Advantages And Disadvantages Of Owning Your Business As A Sole Proprietor?</title>
		<link>http://www.insurancefundi.co.za/sole-proprietor</link>
		<comments>http://www.insurancefundi.co.za/sole-proprietor#comments</comments>
		<pubDate>Tue, 11 Jan 2011 22:00:58 +0000</pubDate>
		<dc:creator>Lawrence</dc:creator>
				<category><![CDATA[All Posts]]></category>
		<category><![CDATA[Business Insurance]]></category>

		<guid isPermaLink="false">http://www.insurancefundi.co.za/?p=3386</guid>
		<description><![CDATA[
If you’re just starting out in business for yourself &#8211; and don’t know which way to turn when it comes to deciding on how to structure your business &#8211; then why not consider a sole proprietorship.
But, like everything else, you need to know that there are two sides to the [...]
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<li><a href='http://www.insurancefundi.co.za/should-i-open-a-business-as-a-sole-proprietor/' rel='bookmark' title='Should I Open A Business As A Sole Proprietor?'>Should I Open A Business As A Sole Proprietor?</a></li>
<li><a href='http://www.insurancefundi.co.za/close-corp-advantages' rel='bookmark' title='Close Corporations &#8211; Are There Still Advantages To Owning One?'>Close Corporations &#8211; Are There Still Advantages To Owning One?</a></li>
<li><a href='http://www.insurancefundi.co.za/sole-proprietors-tax' rel='bookmark' title='How are sole proprietors taxed?'>How are sole proprietors taxed?</a></li>
</ol>]]></description>
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		</item>
		<item>
		<title>How On Earth Do Insurance Companies Make Money?</title>
		<link>http://www.insurancefundi.co.za/make-money/</link>
		<comments>http://www.insurancefundi.co.za/make-money/#comments</comments>
		<pubDate>Thu, 06 May 2010 13:31:23 +0000</pubDate>
		<dc:creator>Lawrence</dc:creator>
				<category><![CDATA[All Posts]]></category>
		<category><![CDATA[Business Insurance]]></category>
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		<category><![CDATA[Commercial Insurance]]></category>
		<category><![CDATA[Life Insurance]]></category>
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		<category><![CDATA[Short Term Insurance]]></category>

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		<description><![CDATA[
What if I’ve only paid one premium and then write off my R140, 000 vehicle in an accident the next day?
I’ve often asked myself that very same question&#8230;
Or how about this question: “How would you start a brand new insurance company from scratch?”
I mean think of it…

You’ve placed your first [...]
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