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Section 10. Basics Of Business Insurance
A—Forms Of Business Organization
B—Business Uses Of Life And Health Insurance
C—Selling in the Business Insurance Market

Section 11. Business Financial Statements
A—Importance Of Financial Statements
B—The Balance Sheet
C—The Profit And Loss Statement
D—Analysis Of Financial Data
E—Accounting For Insurance Premiums And Asset Values
F—Insurance Needs Revealed In Financial Statements

Section 12. Sole Proprietorships
A—Sole Proprietor
B—What Happens When A Proprietor Dies
C—If The Proprietorship Should Be Liquidated
D—If The Proprietorship Should Be Retained
E—If The Proprietorship Should Be Sold
F—Sample Proprietorship Buy-Sell Agreements

Section 13. Partnerships
A—Partnerships In General
B—The Legal Effects Of A Partner`s Death
C—Problems In Liquidating The Partnership
D—Problems In Reorganizing A Partnership
E—The Solution: An Insured Buy-Sell Agreement
F—Professional Partnerships
G—Reserved
H—Partnership Taxation

Section 13.1  Family Limited Partnerships
A—Family Limited Partnerships and Estate & Gift Tax Valuation Discounting
B—Family Limited Partnerships And The Income Tax

Section 14. Close Corporations
A—Brief Survey Of The Corporate Form
B—What Happens When A Stockholder Dies
C—The Problems Faced By The Surviving Stockholder
D—Problems Faced By The Heirs
E—The Solution: An Insured Buy-Sell Agreement
F—Handling The Buy-Sell Agreement
G—Professional And Executive Corporations
H—Sample Close Corporation Buy-Sell Agreements
I—The Limited Liability Company (LLC)
J—Valuing The Closely Held Corporation

Section 14.1 Taxation Affecting Corporations
A—The Corporate Income Tax
B—Corporation`s Election Under Subchapter S
C—Stock Redemptions
D—Deductibility Of Business Insurance Premiums
E—Premiums As Taxable Income To The Insured
F—Taxability Of Corporate Owned Life Insurance Proceeds At Death
G—Transactions Between A Corporation And Its Stockholders
H—Organization Of Business Into Corporation
I—Reorganization Of Existing Corporations
J—Corporation Accumulated Earnings Tax
K—Effect Of The Accumulated Earnings Tax On Corporation-Owned Life Insurance
L—The Personal Holding Company Tax
M—Controlled Foreign Corporations

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