REVISED AND UPDATED EDITION - Part of Robert Kiyosaki's "Rich Dad's Advisors" series, Own Your Own Corporation is written by Garrett Sutton, Esq., and deals with the use of strategic corporate entities to allow business entrepreneurs to successfully establish and operate a business and protect wealth and assets.
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What's new in this revised edition?
We have new chapters and discussions on the following important topics:
Avoiding Corporate and Tax Scams
Building Business Credit
Nevada 's new asset protection laws
Crossing State Line strategies
Professional Corporations
Business Tax Deductions
Wyoming Corporate Advantages
Series LLCs and why you should avoid them
You will learn
- How to maximize the benefits of a C-corporation
- How to use Nevada corporations for asset protection and tax savings
- How to use employment agreements for your benefit
- How to easily prepare and maintain corporate records
Garrett's book impacts the Cashflow & Legal sections of Rich Dad's B-I TriangleTM
Reader Reviews
Own Your Own Corporation
I recently went to a Rich Dad Seminar where half a dozen experts spoke, including, Mr. Sutton. His advice and thoughts were thoughtful, purposeful and sanguine. I particularly learned that for my own business purposes the structure which was necessary. The differences and uses of a S Corp, C Corp and so on (LLC, LLP) were explained and outlined to my ecstatic satisfaction. I recommend this book for anyone who is thinking about starting a business or who already has. What he will teach you is invaluable and the book itself is a tax deduction. It also contains a special deal to use his national firms resources. I think it would also behoove a businessperson to obtain all of the Rich Dad Series of books. For around a hundred dollars you can get a clear picture of what is necessary to think, know and feel for a business as well as what to do with money and where to find it. - Omni from New York, NY
Worth A Million Dollars!, January 29, 2002
I felt this book provided very valuable information and excellent case studies with real situations. I may not have a MHP or MBA but I know for a fact that the chapter on showing you how to raise millions of dollars through private placements alone is worth it. I had no idea how easy it is to raise money for any venture. I've always wanted to start a new business but my credit wasn't strong enough. Now I'm raising enough capital to turn my life long dream of being an entrepreneur into reality with my very own company. Hats off to the author Mr. Sutton for making it so simple that even my wife is now thinking about raising money to buy a restaurant. 2002 will be the Storeys year-Thank You Sir! - Joe Storey from Atlanta, GA
Learn How Corporations Work, November 7, 2001
Garrett has done a great job of making a complex topic - corporate law - understandable. It's not the secret "how to" book that has all the secrets of the wealthy. It is a book that gives you the background and language to talk intelligently to your own advisors.
As a fairly well-off business owner, I had to learn through years of experience how to take advantage of corporations for liability protection and tax savings. Read this book to speed up the process for you. I only wish it had been written a decade ago! Thank you Garrett for such a well-written and understandable book. - A reader from Arizona
A MUST-HAVE BOOK FOR ENTREPRENEURS!, October 3, 2001
I have been teaching business management for thirty years, and every once in a while I come across a book that stands out from the rest. This is one of those books. One of the biggest mistakes new entrepreneurs can make is in thinking that owning your own business is quick and simple and anyone can do it. Well, many people have opened their doors for business, but statistics prove that many will also fall by the wayside in a very short time. In Canada, 35% of new businesses fail within the first year, 70% fail in the first five years and after ten years, the failure rate jumps to 85%. Three of the main reasons are lack of business management skills, an insufficient need and demand for the product/service, and insufficient financial resources for start-up and working capital. There is no question three of a businesses best resources are going to be your lawyer, accountant and banker. As this book will point out, entrepreneurs need a clear understanding of basic business principles and how to best credit-proof themselves to prevent loss of assets. - Peter Smaclean from Prince Edward Island, Canada
A business-must read, September 29, 2001
Rich Dad's-"Own your Own Corporation" is a must read for anyone contemplating a new business-or someone who already owns their own business. Garrett's direct yet simplistic explanations of the different business entities, the proper and best suited entity for your business-is followed by real-life scenarios which helps drive home the importance of corporate ownership in today's business world. Use Garrett's legal expertise to establish a successful, legally responsible and fiscally protected business...And understand the why's and how's of that ownership. - Ray Oberlin from San Ramon, CA
OWN YOUR OWN CORPORATION by GARRETT SUTTON, September 26, 2001
As a owner of various companies, I look for books that will provide insight on limiting liabilities while maximizing profits. The author has succeeded with this book because it's written with a straight forward approach that breaks down difficult corporate terms into terms that anyone can understand. This was achieved by showing examples of certain situations and unknown facts that can happen to any individual or company. - M K Baker from Las Vegas, NV
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Own Your Own Corporation
