Capstone Associate Services has been approved as a captive manager in Tennessee.
Capstone said the approval was part of its continued expansion of client services. Its headquarters are in Houston, Texas with offices in multiple US states and in offshore locations.
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. Capstone also administers captive insurers under Section 831(b) and 831(a) of the Code.
Capstone said: “We have had continued success in this planning. Our affiliated law firm has obtained on behalf of clients approximately forty rulings from the Internal Revenue Service confirming the tax exempt nature of these small insurance companies. Our work in this area continues through this day.”