Ordinarily I wouldn't have bought it for my own reading. As a owner of various companies, I look for books that will provide insight on limiting liabilities while maximizing profits. It is written in language a novice can understand and gives examples that are easily understood and easy to relate to, and consequently easy to remember. Own Your Own Corporation reveals the legal secrets and strategies that the rich have used for generations to run their businesses and protect their assets. Esta información es oportuna, accesible y pertinente para todas las personas y para cualquier situación.
If you're a note taker and hi-liter person then get the book or maybe the Kindle version where you can at least look at your notes. 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. I now have multiple books from Garrett Sutton and he is now my favorite expert on the subject! Highly recommended, and a credit to the Rich Dad Advisor series. These two books are a great start in preparing to start and grow a business. This is a superb book! Language: English Category: Rich Publish: February 20, 2019 Source:.
Thank you so much for your consideration. Also provides useful tips and anecdotes to help the reader gain deeper and more personal understanding. By the end of this book you will have walked through all the decisions neccessary to tailor a corporate package just for your specific ideals on how you would like to build your total net worth. That is why I often suggest that people begin taking baby steps. From the types of corporations you should use to why and how to start a business, it has it all. 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.
Still one of my favorite books along with the latter release, Run Your Own Corporation. And, most importantly, you will be motivated to take action because you will realize that working a 9 to 5 job ain't going to get you know where. Thank you Garrett for such a well-written and understandable book. If she's not, then you know you should either talk to her about it or find someone better really soon. Their assets are held in trusts and corporations to protect them. Book Description Bearing the brand name of the No. Make your own rules An example of using a corporation to make your own rules would be writing into your bylaws that childcare is part of your employment package.
If you operate under your own name, you open yourself up to liabilities which can wipe you out financially and emotionally, often through no fault of your own except for ignorance. For all these reasons, I'd recommend the interested reader to explore other sources first. It also protects your personal assets from any potential lawsuits or creditors. 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. This audiobook will give you a jump-start to becoming a successful entrepreneur. I was talking to a friend the other day who is in the process of srting his own business.
I feel so much more confident now. This book teaches you the tax advantages of forming your own corporation and all the necessary legal procedures you'll need to get started. This fourth edition of Garrett Sutton's best-selling book has been completely updated to reflect important changes affecting limited liability companies. Garrett Sutton ha pasado los últimos treinta años protegiendo los bienes de sus clientes e implementando estructuras corporativas para limitar la responsabilidad. Esta extensa experiencia se refleja en un placentero libro en audio sobre los cómos y porqués para lograr la protección de activos.
If you pay for it with after tax-dollars, you have to effectively earn hundreds more to pay for the same childcare. Garrett Sutton has spent the last 30 years protecting clients' assets and implementing corporate structures to limit liability. Within it, the author details the requirements per each state as well as some helpful advice which would take tens of hours to get from various advisors. It gives great insight into how to protect your personal assets in case you make a business mistake. The Advisors teach how to use the best practices they have learned through their real world experiences and the multi-million dollar results that have been generated by their own businesses. I used to think like that and had a dead end day job.
This book is not for everyone, why you ask! He didn't realize many don't the different corporations that are available. Asset protection, tax benefits, estate planning, succession planning, these are all covered in enough detail to be useful, but not so much that your eyes glaze over. We purpose information in a diversion of appearing and media. As you live your life you must keep your guard up. He is regarded worldwide as a passionate advocate for financial education. With perspectives that often contradict conventional wisdom, Robert has earned a reputation for straight talk, irreverence and courage. Own Your Own Corporation illustrates how to: Select the best entity for your own personal strategy Maximize the incredible benefits of a C corporation Use Nevada corporations for asset protection and tax savings Raise money for your new venture Use employment agreements for your benefit Easily prepare and maintain corporate records I liked it! Most importantly, I've read hundreds of books about corporations, asset protection, public or private, etc.