Capstone Associated Services has been approved as a captive manager in the state of Tennessee as part of its continued expansion of client services.
Capstone now has offices in multiple US and offshore jurisdictions as well as its headquarters in Houston, Texas.
Since 1998 Capstone has operated fully or partially-tax exempt captive insurers formed under Section 501(c)(15) of the Internal Revenue Code, all in conjunction with The Feldman Law Firm LLP.
Capstone also administers captive insurers under Section 831(b) and 831(a) of the Code.
The captive manager stated: “We have had continued success in this planning. Our affiliated law firm has obtained on behalf of clients approximately 40 rulings from the Internal Revenue Service confirming the tax-exempt nature of these small insurance companies.”
