Wednesday, May 30, 2012

COMPANY PAID HEALTH INSURANCE

Q:  I am the owner of a business and I am going to start paying health insurance for my employees.  Does it make a difference who's name the policy is under?

A:  You did not tell me what form of business you are using so here is the chart:
Sole Proprietorship = Individuals name
Single Member LLC = Individuals name
Partnership = Partner or company
LLC = Partner or company
One worker S corporation = Shareholder of company
Two or more worker S Corporation = Company
C corporation = Company