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Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them (Rich Dad's Advisors) Paperback – October 1, 2001
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Top Customer Reviews
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.Read more ›
I really like how the book explains all aspects of different types of corporations to establish depending on each individuals goal to keep their company private or go public. At the same time, the book teaches you various ways to protect your personal assets from your business assets. Just this section alone will eventually save you thousands in personal asset protection.
Most importantly, I've read hundreds of books about corporations, asset protection, public or private, etc. with the majority being very boring with fancy terms that's hard to understand. This book was so enjoyable with simple terms and exciting case situations, I read the entire book without putting it down. I'm now re-reading it and underlining many facts that will be shared with my corporate paid professionals on various situations that my company needs to be protected against. I had no idea but thanks to your book, I do now.
Finally, This book is a "MUST" read for anyone starting a corporation and a "MANDATORY" read for any owner of an existing corporation.
Thanks to the author, Garrett Sutton, I'm now working smarter, counting more net profit and sleeping comfortably in my personally protected home.
Through the pages of the book, readers will come to understand that owning your own business can be truly rewarding if you have the know-how, commitment and financial resources to not only get the business off the ground but to keep the doors open and make a profit. There are so many aspects of owning a business that an inexperienced entrepreneur does not even considered, and this book will definitely warn one of the potential pitfalls before they happen. If you are considering starting your own business and have little experience in managing a business, this book is for you. Even those who are already in business for themselves will benefit. Like anything else in life, we can never know it all and anything we learn will benefit us down the road. Overall, this is a great book, highly recommended and most deserving of a five-star rating.
Most Recent Customer Reviews
Rich Dad books is not the end all be all but definitely open you to start your journey into financial freedomPublished 4 days ago by Chris
This book has shown MANY problems to avoid when you are setting up a new business. I has real life incidents where the corporation was set up wrong and what to do to correct it.Published 6 months ago by Al
Two stars , not in here you can't find on your favorite search engine
Book is part of the rich dad mass marketing machine
Tremendous insight by a powerful figure that will help any business owner learn the ins and outs of business development.Published 13 months ago by SKUYLER FREEMAN JR