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Guest
Guest
If a butcher, a baker & a candelstick maker all decided to form a group to get health insurance it most likely would not be allowed.
I disagree. If all three decide to get state ins. licenses or RE licenses and open an insurance agency or a RE agency, no court in the state would find for the carriers charge that it was fraud.
Same with a husband-wife team who decide to open a store to sell teddy bears.
It has nothing to do whether the business owners are from similar backgrounds (maybe like being all white or all black?) and/of if they had experience in the particular business. It's about the business... is it legal? Is operating in compliance with the law? Can it show that it is attempting to make sales? Is there investment? Is there cash flow? The rule here is simple. If it looks like a duck, walks like a duck, and quacks like a duck, there is no court in CA that will rule that it's not a duck
Al