BGD Partners Author Captive Start-Up Guide 2016
Firm partners Charles J. Lavelle, Ross D. Cohen and Brett J. Miller discussed the legal issues surrounding the process of starting a captive in a new guide for Captive Review. They also provided an overview of the guide in a featured column for the publication.
According to their featured column, the process for setting up a captive can be tedious, problematic and stressful. Big data, domicile location, reinsurance markets and actuary selection continue to remain at the forefront of any prospective captive owner’s mind. Being up-to-date with every associated legal implication is also key. Forming a captive encompasses five different legal practice areas and each must be adequately adhered to, while the consequences of failing to meet the requirements could spell ruin for the captive.
The Captive Review Start-up Report 2016 delivers a comprehensive guide containing a wealth of information collated from established experts like Lavelle, Cohen and Miller. The report sheds light on the formation of protected cell companies (PCCs), group and association captives, while highlighting the pitfalls which have seen many captives crumble. You can view a digital copy of the report here.