Go Back  British Expats > Living & Moving Abroad > USA
Reload this Page >

Medical insurance for family of 4 with no pre existing conditions

Medical insurance for family of 4 with no pre existing conditions

Old Nov 18th 2019, 5:28 am
  #16  
tht
DE-UK-NZ-IE-US... the TYP
 
Joined: Mar 2010
Posts: 1,029
tht has a reputation beyond reputetht has a reputation beyond reputetht has a reputation beyond reputetht has a reputation beyond reputetht has a reputation beyond reputetht has a reputation beyond reputetht has a reputation beyond reputetht has a reputation beyond reputetht has a reputation beyond reputetht has a reputation beyond reputetht has a reputation beyond repute
Default Re: Medical insurance for family of 4 with no pre existing conditions

Originally Posted by Mic1 View Post
I think there's maybe a little more trust between myself and the UBO.....
It’s got nothing to do with trust.... if you ever want the chance of an exit you should set things up properly from day 1. To be honest it could be a smart move by the UBO, if anything goes wrong it can all be put on you and they can sue for mismanagement, if they had the normal oversight as as a voting shareholder they would have less recourse as they had a mechanism and responsibly form oversight. But everyone to their own, I don’t understand the logic of giving a non majority owner voting control, unless it’s like WeWork or something and the other shareholders want the main UBO to not have control.

The analogy of what your saying is why bother having a co pilot set next to the pilot when you trust him to fly the plane... things can go wrong from external factors trust or not...

or another example is a pre-nup, no need for it unless something goes wrong?

Is there a good reason for needing to concentrate all the power with a single “key man” ?

Last edited by tht; Nov 18th 2019 at 5:41 am.
tht is offline  
Old Nov 18th 2019, 5:46 am
  #17  
tht
DE-UK-NZ-IE-US... the TYP
 
Joined: Mar 2010
Posts: 1,029
tht has a reputation beyond reputetht has a reputation beyond reputetht has a reputation beyond reputetht has a reputation beyond reputetht has a reputation beyond reputetht has a reputation beyond reputetht has a reputation beyond reputetht has a reputation beyond reputetht has a reputation beyond reputetht has a reputation beyond reputetht has a reputation beyond repute
Default Re: Medical insurance for family of 4 with no pre existing conditions

Originally Posted by Mic1 View Post
Good question, tricky answer. I'm an employee of the Spanish company but a director and shareholder of the USA subsidiary !
you realize that as a shareholder you are paid K1 not W2, which changes a lot of the setup for benefits and may cause issues if you plan to have a 401k, which is a very tax efficient way to invest pre-tax $ for retirement.
tht is offline  
Old Nov 28th 2019, 10:27 pm
  #18  
Forum Regular
Thread Starter
 
Joined: May 2018
Posts: 65
Mic1 is an unknown quantity at this point
Default Re: Medical insurance for family of 4 with no pre existing conditions

Originally Posted by tht View Post


you realize that as a shareholder you are paid K1 not W2, which changes a lot of the setup for benefits and may cause issues if you plan to have a 401k, which is a very tax efficient way to invest pre-tax $ for retirement.
All good points THT, thanks for the input.
At no point did anyone mention a K1 which having now searched the net since you mentioned it, i'm surprised. I'm now looking into why this hasn't been bought up.
Thanks again

Mic1 is offline  
Old Nov 28th 2019, 10:56 pm
  #19  
Forum Regular
Thread Starter
 
Joined: May 2018
Posts: 65
Mic1 is an unknown quantity at this point
Default Re: Medical insurance for family of 4 with no pre existing conditions

Originally Posted by tht View Post


you realize that as a shareholder you are paid K1 not W2, which changes a lot of the setup for benefits and may cause issues if you plan to have a 401k, which is a very tax efficient way to invest pre-tax $ for retirement.
All good points THT, thanks for the input.
At no point did anyone mention a K1 which having now searched the net since you mentioned it, i'm surprised. I'm now looking into why this hasn't been bought up.
Thanks again

Mic1 is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.