Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them (Rich Dad's Advisors)
This guide reveals how you as a private citizen can take advantage of incorporating yourself and your business. Such a move can not only save you thousands in taxes, but can also save your house and savings and family assets from the potential attack of creditors. The book offers a clear understanding of how legal business systems and traditions have developed over the years and how the structures for running a business have evolved. Topics ranging from management control and avoiding disputes to flexibility of decision-making, taxation and start-up funding are all discussed in a concise, easily accessible manner.
Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them (Rich Dad's Advisors) Accessories
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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) Reviews
It also advises on how to arrange finance or team up with friends for business I found this book excellent for my purpose. It advises the reader about reorganizing their businesses for the necessary legal protection.
As a general practitioner, not a specialist in asset planning but nevertheless having to advise clients with business concerns and real estate interests, this book is the best on the subject that I've come across. It's actually more informative and logical than bar association materials I've referenced in the past.
A big policy is more than sufficient, and most courts will not allow lawsuits from taking your primary home. There may be rare circumstances when you would (a real estate lawyer is worth the consultation) but for 99.9999999% of the people in the world, No. Time being money, it's much faster and easier to sign a policy than to do the tedious and never-ending paperwork to incorporate a property. I love the Rich Dad books because they're motivational as well as interesting, but there has to be a word or two of caution. Concerning incorporating properties.this seems rather specious. You don't have to go to the trouble of incorporating each property to keep the fear of having personal assets taken through a liability claim; that's why you carry insurance, and a lot.
It is a very good book and interesting to read (which is something not all business books are). What I don't like and what completly sucks are all of the shill reviews on here obviously placed by the publisher, author, or agents giving it five-star ratings and saying stupid things like "Thanks to Garrett, I now look towards the future with. blah blah blah". I own this book - I have for years. It is really seriously lame that they felt the need to support it in this disingenuous manner. etc. It is a good book for this topic - and stands on its own.
If you have always dreamed of owning your own company and have been in the process of incorporating this book is the solution to get you moving in the right direction.
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