Books : Rich Dad's Advisors: Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
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Type of bind: Paperback
Dewey Decimal Number: 658.022
EAN num: 9780446539067
ISBN number: 0446539066
Label: Business Plus
Manufacturer: Business Plus
Quantity: 1
Page Count: 272
Printing Date: June 26, 2008
Publishing house: Business Plus
Sale Popularity Level: 83264
Studio: Business Plus
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Editor's Notes and Comments:
Product Description:
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. Written in a clear and easily understandable style, and now completely revised and updated to reflect important changes in rules and regulations, OWN YOUR OWN CORPORATION provides the necessary knowledge to save thousands of dollars in taxes and protect your family assets from the attacks of creditors.
OWN YOUR OWN CORPORATION illustrates how to:
- Select the best entity for your own personal strategy
- Maximize the incredible benefits of 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
User popularity level:
Rated by buyers 
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This book is an updated and revised edition (the last update was in 2001), and provides some basic and useful information for anyone who wants some clarification about what it means to own your own corporation. Most refreshing is the author's attitude - Garrett Sutton isn't telling people how to cheat the IRS and pay zero income tax, and in fact, he makes it clear that this isn't a book about tax avoidance.
I highly recommend this book to entrepreneurs and others who are interested in starting their own business.
Rated by buyers 
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This book is written by a legal advisor.
Robert T. Kiyosaki did only wrote a foreword, the rest is written entirely by Garrett Sutton, the author of many business books (e.g. how to raise funds, how to write business plans and so on).
Although the book is not aimed to give you professional legal advice, it may be useful for those who do not have a business education, or for non-U.S. persons who would like to understand better the similarities and the differences between the business types in the U.S. and the country of origin of that person
This book gives great background on types of businesses in the U.S.: sole proprietorship, general partnership, limited partnership, S-corporation, C-corporation and the limited liability company (LLC). It also presents the strengths and weaknesses of each type. It also covers basic tax matters related to these types of businesses. It also covers benefits of Wyoming and Nebraska corporations in the income taxes. The book also describes how to open a corporation in a different state to get various benefits.
Another area of the book is devoted to asset protection: how to use corporations and LLCs to protect your property in legal disputes.
Besides describing the steps to create and to run a company, the book also helps you to avoid pitfalls of third-party services of registering a corporation for you.
The structure of corporate management is also covered briefly.
I was listening an audio version of this book, and found it very pleasant. I highly recommend an audio version for you too.
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