Start your own corporation: why the rich own their own companies and everyone else works for them

Title: Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them

Author(s): Garrett Sutton

Year: 2012

Publisher: RDA Press, LLC

ISBN: 9781937832001

Description:

This book educates readers on how to protect their life's gains through the strategic use of corporations and other legal entities. Corporate attorney Garrett Sutton explains the common risks of failing to shield personal assets and offers clear strategies for limiting liability. The book provides a comprehensive analysis of different business structures like corporations, LLCs, and limited partnerships, outlining their advantages and how to select the best fit based on individual needs.

Sutton highlights the tax benefits, asset protection, and corporate formalities essential for business owners to succeed. It is accessible and applicable to every citizen, emphasizing the importance of separating operational businesses from asset-holding entities to minimize legal exposure. Recommended by Robert Kiyosaki, it is especially valuable for anyone with assets to protect.

This non-technical guide also covers using Nevada and Wyoming entities to maximize benefits, maintaining corporate formalities, business tax deductions, building business credit, and protecting against scams, providing a full resource for business owners seeking asset protection and financial advantage.