Thank you Insismypassion . I see it the same way, however i am not an CPA and the one that I have consulted with doesnt seem to really understand insurance agencys. Thank you for your time.

I have recently purchased a small PL agency and established a corporation ( 1 month ago) -- trying to determine if best to continue as a C or file for S status. A few facts: Gross revenue $145,000.00 My loan payments for the book is @$30,000.00 a year for about 5 years. ( no interest) After a reason...