Rich Dad Advisor's Series: Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them (Rich Dad's Advisors)
by Garrett Sutton, Robert T. Kiyosaki, Ann Blackman
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Book Summary Information
Author: Ann Blackman, Garrett Sutton, Robert T. KiyosakiEdition: Paperback
Published: 2001-10
ISBN: 0446678619
Number of pages: 317
Publisher: Warner Business Books
Book Reviews of Rich Dad Advisor's Series: Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them (Rich Dad's Advisors)
Book Review: Fun read, but take heed...
Summary: 2 Stars
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. A big policy is more than sufficient, and most courts will not allow lawsuits from taking your primary home.
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. 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.
Summary of Rich Dad Advisor's Series: Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them (Rich Dad's Advisors)
Own Your Own Corporation reveals how private citizens can take advantage of incorporating themselves and their business to save thousands of dollars in taxes and protect themselves against financial disaster.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, 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 a C corporation
• Use Nevada 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
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