Amazon Vehicles Beauty STEM nav_sap_plcc_ascpsc All-New Fire 7, starting at $49.99 Starting at $39.99 Wickedly Prime Handmade Wedding Shop Home Gift Guide Father's Day Gifts Home Gift Guide Shop Popular Services whiteprincess whiteprincess whiteprincess  Introducing Echo Show All-New Fire 7 Kids Edition, starting at $99.99 Kindle Oasis Trade it in. Fund the next. National Bike Month on Amazon toystl17_gno
Customer Review

52 of 58 people found the following review helpful
4.0 out of 5 stars Wealth of information, June 29, 2012
Verified Purchase(What's this?)
This review is from: Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them (Rich Dad Advisors) (Paperback)
Garrett Sutton goes through all the reasons why doing business as a person is a bad idea. 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). You also pay much more in taxes than you should have, based on higher tax rates and less options for legitimate deductions.

He then goes on to describe the different forms of entities you can form to operate under, and clearly explains the pros and cons behind each one. Some are really no different than operating under your own name. Garrett labels these 'bad entities' and steers you clear of them. The remaining 'good entities' are explained, with many examples, so you can find one that fits your particular situation. There is no 'one size fits all', as the examples will make quite clear.

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. This book is no replacement for an attorney's advice, or a CPA's, and Garrett is also very clear on this. It will, however, give you a leg up so when you do talk to your own advisor(s), they will not need to explain every little concept to you, and if you get billed by the hour, then this book will save you many hours.

Highly recommended, and a credit to the Rich Dad Advisor series.
Help other customers find the most helpful reviews 
Was this review helpful to you? Yes No

Be the first person to comment on this review.

[Add comment]
Post a comment
To insert a product link use the format: [[ASIN:ASIN product-title]] (What's this?)
Amazon will display this name with all your submissions, including reviews and discussion posts. (Learn more)
Name:
Badge:
This badge will be assigned to you and will appear along with your name.
There was an error. Please try again.
Please see the guidelines and FAQs here.

Official Comment

As a representative of this product you can post one Official Comment on this review. It will appear immediately below the review wherever it is displayed.   Learn more
The following name and badge will be shown with this comment:
 (edit name)
After clicking the Post button you will be asked to create your public name, which will be shown with all your contributions.

Is this your product?

If you are the author, artist, manufacturer or an official representative of this product, you can post an Official Comment on this review. It will appear immediately below the review wherever it is displayed.  Learn more
Otherwise, you can still post a regular comment on this review.

Is this your product?

If you are the author, artist, manufacturer or an official representative of this product, you can post an Official Comment on this review. It will appear immediately below the review wherever it is displayed.   Learn more
 
System timed out

We were unable to verify whether you represent the product. Please try again later, or retry now. Otherwise you can post a regular comment.

Since you previously posted an Official Comment, this comment will appear in the comment section below. You also have the option to edit your Official Comment.   Learn more
The maximum number of Official Comments have been posted. This comment will appear in the comment section below.   Learn more
Prompts for sign-in
  [Cancel]