Rich Dad Advisor's Series: Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them: Amazon.ca: Garrett Sutton, Robert T. Kiyosaki, Author: Books

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Book Description

Bearing the brand name from the #1 New York Times bestseller Rich Dad Poor Dad, OWN YOUR OWN CORPORATION allows listeners to learn very quickly and easily the legal secrets and strategies that the rich have used to run their businesses and protect their assets. OWN YOUR OWN CORPORATION reveals how you as a private citizen can take advantage of incorporating yourself and your business.Such a move can not only save you thousands and thousands of dollars in taxes but can also save your house and savings and family assets from the potential attack of creditors. OWN YOUR OWN CORPORATION offers a clear understanding of the evolution of legal business systems.

About the Author

Garrett Sutton is an Attorney with over 20 years experience in assisting individuals and businesses to determine their corporate structure, limit their liability, protect their assets and achieve their personal and professional goals

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Inside This Book (Learn More)
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First Sentence
As legal business system and traditions have developed over the last five hundred years, several structures for running a business have evolved. Read the first page

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Concordance

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Front Cover | Copyright | Table of Contents | Excerpt | Back Cover

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Customer Reviews

23 Reviews

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Average Customer Review

4.1 out of 5 stars (23 customer reviews)

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4.0 out of 5 stars Proper Structural Preparation Pays Off!, Nov 1 2001

By

Donald Mitchell "Jesus Loves You!" (Thanks for Providing My Reviews over 112,000 Helpful Votes Globally) - See all my reviews
(TOP 10 REVIEWER) (#1 HALL OF FAME)

This review is from: Rich Dad Advisor's Series: Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them (Paperback)

Almost everyone will either start-up a new business or invest in one at some point. Almost all of these investments will be unsuccessful. Most people will think that they merely have their investment sums at risk. Take the wrong approach to structuring the investment legally, however, and your whole career and life savings can be at risk. If you carefully follow this book's advice, none of these investments will cost you anything more than you planned to lose in the worst case.

When Robert Kiyosaki was a youngster, he loved to read about the early explorers like Columbus and Magellan. His Rich Dad encouraged him to also study those who financed the explorers, to learn about how they managed their risk and reward to expand and protect their wealth. "Don't climb the corporate ladder, why not own the corporate ladder?" was other advice that Rich Dad gave. To do this, Mr. Kiyosaki advises you to "find a good attorney and use him or her as your advisor on this important subject."

Own Your Own Corporation does an excellent job of explaining the various advantages and disadvantages of C and S Corporations, Limited Liability Companies, and Limited Partnerships from the legal perspective of how to save money on taxes and protect yourself from successful attacks on your personal assets. I particularly liked the way that the usual legal gobbledegook was avoided, and the ideas expressed in clear, simple language.

As a lawyer, I felt that the work was highly accurate and well presented for a layperson. I was especially impressed with the very long appendix that outlined the legal circumstances in each state. On the other hand, the book makes it clear that you should get some legal and accounting help to make sure that you do things properly.

My complaint about the book comes from the lack of describing the other methods that can be used to protect an individual and a family from liability. Setting up the right business structure is just part of what needs to be done. Other assets need to be protected using other techniques such as trusts, and insurance can also play a helpful role in protecting you from mistakes.

In picking a legal advisor, I will also mention that many perfectly capable practitioners will not be familiar with this particular area of legal practice. So choose well, or you will not necessarily end up with the business structure you need. A good use of this book is to arm you with questions and background knowledge to help you test how current and experienced your potential legal advisor is. In fact, you may need more than one legal advisor to help you set up the optimum structures for your personal assets and your business activities.

Taking time to eliminate risks and taxes in advance is well worth your focus and investment!

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5.0 out of 5 stars Excellent book for those in the B-Quadrant (or want to be), July 1 2004

By A Customer

This review is from: Rich Dad Advisor's Series: Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them (Paperback)

Having a business without being incorporated is like driving a car without insurance. I was confused about corporations, which kind and didn't want to go to a "expert" untill I understood how the process works. This book did just that.

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5.0 out of 5 stars Groovy Corporate Info, May 28 2004

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Josef (United States) - See all my reviews

This review is from: Rich Dad Advisor's Series: Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them (Paperback)

Easy to read. I formed a C corporation with Mr. Sutton's firm after reading this book. They took care of all that legal mumbo jumbo so I could focus on building my business.

I was trapped in big corporations for 20 years - this book helped me understand how to get started...and the "right way" to protect my assets as an entrepreneur.

I only have time to read 2-3 business books a year. I'm glad this was one of them.

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Most recent customer reviews

1.0 out of 5 stars Definitely NOT for the layperson
I learned nothing from the book. I was even more confused after I read it. There were no documents to show how to fill out any information. Read more

Published on May 9 2004 by Milan H.

5.0 out of 5 stars Ignore the bashers.
This book is worth every penny and provides the necessary information for owning your own corporatoin either to make money or avoid excessive taxation.