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Corporate Resolution to Establish Section 162 Executive Bonus Plan Form

Corporate Resolution to Establish Section 162 Executive Bonus Plan Form

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[Music] all right uh dee from irvine dear joe and al i love the show in listen weekly i recently was introduced to the executive bonus plan section 162 for businesses this is a non-qualified plan worth the investment for the employer in is it good for the employee seems just like another whole life insurance plan to me uh when would this option make sense steve from irvine the drink of choice jack and coke all right d and then uh the car is the chevy volt so section 162 um i had to look that up but i got it here i know what that is okay um basically what it is it's it it's a plan that it's a bonus plan so let's say that i'm a small business and alan you are my employee and i want to lure you to come work for me at joey anderson's pet shop oh and you want me to be an executive too yes that's really nice yes you're going to be my cfo okay got it um and i'm i'm thinking about all right well how else can i compensate big al and i'm going to put together a life insurance plan sure so we're

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