Incorporate & Grow Rich! (Paperback)

by Cheri S. Hill (Author), Diane Kennedy (Author), C. W. Allen (Editor)
Key Phrases: accumulated depreciation, joint tenancy, controlled group status, Tax Code, Case Study, Key Points (more...)

Editorial Reviews

Product Description
Inside this user-friendly manual, you will learn how to structure your business and personal assets so you can safely grow, protect, and leverage your hard-earned wealth. We teach you step-by-step what you must do if you want to: Legally protect your business and personal assets from The Three Flaming Arrows of Challenge: Income Taxes, Liability Exposure & Death Taxes; Understand the advantages and disadvantages of using "C" corps, "S" corps, Limited-Liability Companies, Limited Partnerships, Revocable and Non-Revocable Trusts to build a solid Foundation for Freedom and of course, so much more!

About the Author
C.W. Allen, Financial Strategist, Author and Lecturer. As Founder of Sage International, Inc., a financial education company based in Reno, Nevada he was devoted to teaching entrepreneurs how to maximize the tax code to slash their taxes and what you must do if you want to achieve true Financial Freedom. Cheri S. Hill, President and CEO (Chief Empowerment Officer!) of Sage International, Inc. is creator of the educational series: After the Inc. Dries...®; and host of the highly acclaimed, SageAdvisers® Teleseminar Series. She is a much sought after public speaker due to her wonderful ability to simplify the intricate aspects of incorporating. For over 15 years, Cheri has taught thousands of entrepreneurs, sole-proprietors, investors and professionals how to properly structure their business and personal assets to safely grow, protect and leverage their hard-earned wealth. Diane Kennedy, CPA established a reputation by devoting her practice to helping small business learn the secrets that big businesses know. As an owner, investor and real estate developer, Diane practices daily in her personal and business life what she gives to her clients and shares throughout this book.

Product Details

• Paperback: 331 pages
• Publisher: Sage International, Inc.; 6th edition (May 1, 2000)
• Language: English
• ISBN-10: 0967187109
• ISBN-13: 978-0967187105
• Product Dimensions: 10.9 x 8.4 x 0.8 inches
• Shipping Weight: 1.8 pounds
• Average Customer Review: 3.7 out of 5 stars See all reviews (29 customer reviews)
• Amazon.com Sales Rank: #24,431 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

699 of 713 people found the following review helpful:

2.0 out of 5 stars Misinformation mixed with good information, August 17, 2000

By	Judith E. Dacey (The Villages, FL USA) - See all my reviews (REAL NAME)

Some of C.W.Allen's information is correct but some was flat wrong. I read the book at author, Robert Kiyosaki's recommendation (Rich Dad, Poor Dad) and because some of what RK implied was offbase about having your corporation pay for your car, house, etc. As a CPA and twenty year veteran of the tax profession, I was curious to read his authority. Some glaring problems: You cannot hire your kids in your corporation and write off their education. The tax statutes are very specific about greater than 10% owners and their closely related family not being eligible. There are several other items like this that contradict Allen's info. Another dislikable characteristic of the book is that it has several sections entirely written by different authors who very clearly did not review each other's material. Several times they covered the same subject with different detail. One even announced that gifts up to $75 could be written off through the corporation. The catch? The tax code only allows $25. How can you buy a book that you can't trust?

348 of 353 people found the following review helpful:

3.0 out of 5 stars A good editor was needed...., August 23, 2001

By	Valerie Robbins Swack "vlrobbins" (Chicago, IL USA) - See all my reviews

After carefully reading the other reviews, I ordered this book with mixed expectations. Granted, there were some useful tips that I gleaned; advantages of different corporations, interesting case studies, specific write-offs.

But still, the book is lacking. I learned of this book from "Rich Dad, Poor Dad" so I expected some powerful insight. Why do I think the book falls short? Well, I checked the web site of Sage International, and a lot of the informatin in the book you can get for FREE on the site. Which then lead me to believe that the book was just Sage's promotional material. I began to question the book's objectivity when they recommended Sage several times, and also Kiyosaki's books and products. Cross promotion is fine, but I began to wonder if Kiyosaki isn't a shareholder in Sage. I'm all for capitalism, but I'd like objectivity. Also, the book is very poorly organized. It tells you why you should incorporate, and then gives good specific tax saving examples, and then later tells why you should incorporate again! Information is repeated and repeated. Many pages are filled with a recap of what was covered one page before. It seemed like they took meeting notes and made it a book. I won't even mention the typos. If I made a typo on my tax return, I couldn't get away with it. And I'm supposed to be trusting the information in this book to lead me to financial safety? I wonder. I'll take them up on their advice on double checking with local experts!

However, if you don't know much about the different sorts of businesses. This is a good place to start. It is a quick read, and easy to follow. And there are many good examples. Maybe I was just expecting too much.

145 of 150 people found the following review helpful:

2.0 out of 5 stars Unbelievably disorganized!, June 13, 2000

By A Customer

I ordered this book after reading the recommendation in "Rich Dad, Poor Dad," and I was terribly disapointed when it arrived. "Inc. & Grow Rich" is the most disorganized book I've ever seen. It's as if the authors just pasted together a series of unrelated presentations -- leaving it to the reader to decipher the important points. I did pick up a couple of new ideas, which is the only reason I didn't rate the book lower. However, I'm now going to have to do some research on my own to find out how to implement them, since the book was too sketchy. To sum it up: save your fifty bucks for something better!