Dec 13, 2023
In today's episode, we're exploring a financial strategy that can significantly impact how businesses mitigate risks: the 831(b) Administrative Plan.
Our guest today is Van Carlson, the CEO of SRA 831(b) which specializes in mitigating risks for small to mid-size businesses.
We discussed the following topics among others.
1. Understanding 831(b) Admin Plans
- Brief overview of 831(b) Admin Plans and their purpose in risk mitigation for businesses.
- Explanation of how these plans are tailored for small to middle-sized businesses.
- Insight into the legal and regulatory landscape surrounding 831(b) plans.
2: Benefits and Opportunities
- Discussing the potential advantages for businesses opting for 831(b) Admin Plans.
- How these plans can offer financial protection against certain risks.
- Real-world examples of businesses that have successfully leveraged 831(b) plans.
3: Potential Risks and Considerations
- Exploring the potential drawbacks and challenges associated with 831(b) Admin Plans.
- Regulatory compliance considerations and potential pitfalls.
- Interview or case study featuring an expert who provides insights into navigating the risks effectively.
4: Implementation and Best Practices
- Practical steps for businesses looking to implement 831(b) Admin Plans.
- Tips for optimizing the benefits and minimizing the risks.
- Advice from financial experts on best practices for successful integration.
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If you want to be our guest, or you know some one who would be a great guest on our show, just send your email to info@globalriskconsult.com with a subject line “Global Risk Community Show” and give a brief explanation of what topic you would like to to talk about and we will be in touch with you asap.