What are you trying to accomplish here? It doesn’t make any sense for the two of us to have technical conversation about this underlying issues for a litany of reasons you are very well aware of. I was very clear in expressing my views on captives for the cannabis industry, and I put them in their own thread at Captive Insurance Companies under IRC Sec. 831(b) in IRS Radar - #4 by jszesq
I didn’t touch one of your threads like you have managed to hijack this one. If you want to discuss the technical issues associated with captives, the other thread is the place I would do it. There isn’t a snowball’s chance in hell that I will ever advise a California based client to touch a multiple risk captive, and I am not going to make referrals I don’t believe is a commercially viable product. If you are seeking to argue, you will find what you are seeking here.
I am not going to agree with you, and I have already written six thousand words with my own thoughts on the topic. May I wish you an enjoyable afternoon, and ask that the discussion of captives in my vetting accounting professionals thread come to an end. Thanks.