Cover image for Own your own corporation : why the rich own their own companies and everyone else works for them
Title:
Own your own corporation : why the rich own their own companies and everyone else works for them
Author:
Sutton, Garrett.
Personal Author:
Publication Information:
New York : Warner Books, [2001]

©2001
Physical Description:
xvi, 317 pages ; 23 cm
Language:
English
ISBN:
9780446678612
Format :
Book

Available:*

Library
Call Number
Material Type
Home Location
Status
Central Library HD62.7 .S977 2001 Adult Non-Fiction Central Closed Stacks
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Summary

Summary

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.


Author Notes

Robert Kiyosaki was born and raised in Hawaii, and is a fourth-generation Japanese-American. He attended college in New York, and after graduating, joined the Marine Corps and served in Vietnam as an officer and helicopter gunship pilot.

After the war, Robert worked for the Xerox Corporation as a salesman. In 1977, he started a company that brought the first nylon Velcro 'surfer wallets' to market. In 1985 he founded an international education company that taught business and investing to students throughout the world.

In 1994 Robert sold his business and retired at the age of 47. During this somewhat short-lived retirement, Robert, collaborating with co-author Sharon Lechter, a C.P.A. and his business partner, wrote the bestselling book "Rich Dad, Poor Dad".

(Bowker Author Biography)


Reviews 1

Library Journal Review

Sutton (How To Buy and Sell a Business) adds another excellent title in the always dependable "Rich Dad's" series with his focus on making money work for you. The author's 20-plus years' experience in determining an appropriate corporate structure that limits owner liability and protects owner assets rings clear in this extensive collection of practical legal advice on setting up and running a business. Writing in an easily understandable style, Sutton presents the legal information necessary for company owners to save money in taxes and protect personal assets from creditors, while always advising listeners to seek legal advice before actually trying to follow his suggestions. The program covers selecting the best business entity and steering clear of bad ones, maximizing the benefits of a corporation, raising money for new ventures, and preparing and maintaining corporate records. Sutton's lively, crisp narration proves that occasionally authors can successfully read their own material. A solid undergraduate-level introduction to the legal aspects of business, this belongs in larger public libraries and academic libraries supporting a business curriculum.-Dale Farris, Groves, TX (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.


Table of Contents

Forewordp. xiii
Introductionp. xvii
Chapter 1 Your Entity Menup. 1
Chapter 2 How to Take Maximum Advantage of a C Corporationp. 33
Chapter 3 How to Use an S Corporation Without Fear of Failurep. 43
Chapter 4 Using Nevada Corporations to Your Maximum Advantage and the Benefits of Multiple Corporation Strategiesp. 53
Chapter 5 Organizational Steps for Forming a Corporation, Limited Liability Company, and Limited Partnershipp. 67
Chapter 6 How a Charging Order Works to Your Advantagep. 73
Chapter 7 The Importance of Corporate Formalitiesp. 79
Chapter 8 Protect Your Entity Namep. 95
Chapter 9 Raising Moneyp. 101
Chapter 10 Know Who Your Directors and Officers Are!p. 133
Chapter 11 How to Deal with All of the Employee Issuesp. 143
Chapter 12 How to Use a Buy-Sell Agreementp. 187
Chapter 13 What Happens at the Endp. 193
Chapter 14 Some Miscellaneous Traps and Thoughtsp. 199
Appendix Summary of State Corporation Formation Requirementsp. 203

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