Rating: 
Summary: NOT for the neophyte!!!
Review: A lot of the other reviewers of this book are people who are already "in the know", meaning that they already know something about the subject matter. -I don't! The most I know about business is that you create a product, sell it, and the price you sell it for should be greater than the cost of producing it in order to make a profit. Of course, I also realize that there are much more complicated peripheral issues involved and that's why I bought the book.
The problem that I have with this book therefore, is that I think that a lot of it is written in "Lawyerspeak". I have gotten the impression from reading the other "Rich Dad" books that the target audience is the layman and the idea is to educate him to enable him to make the jump from the "rat race" to the "fast track". This book untangles only some of the knots of the comprehension barriers involved in setting up a legal and profitable business. I found that there are far too many un-and-under-explained references that for my entry level of understanding only served to lose me and ultimately to put the book down until I may one day find another book that can explain some of the terminology.
It is my understanding that the average reader of a book such as this would be someone who is interested in turning a "E" or "S" quadrant skill into a "B" quadrant business. It would be more helpful if the book were written to address the first-timer's concerns and potential problems. While this is mildly addressed throughout the book by providing fictional stories of various business situations, there are a definitely large areas where the neophyte reader can easily be as lost as I have been in reading this book. Mr. Kiyosaki's skills in relating to the outsider are sorely missing in the text of this book.
Rating: 
Summary: Proper Structural Preparation Pays Off!
Review: Almost everyone will either start-up a new business or invest in one at some point. Almost all of these investments will be unsuccessful. Most people will think that they merely have their investment sums at risk. Take the wrong approach to structuring the investment legally, however, and your whole career and life savings can be at risk. If you carefully follow this book's advice, none of these investments will cost you anything more than you planned to lose in the worst case. When Robert Kiyosaki was a youngster, he loved to read about the early explorers like Columbus and Magellan. His Rich Dad encouraged him to also study those who financed the explorers, to learn about how they managed their risk and reward to expand and protect their wealth. "Don't climb the corporate ladder, why not own the corporate ladder?" was other advice that Rich Dad gave. To do this, Mr. Kiyosaki advises you to "find a good attorney and use him or her as your advisor on this important subject." Own Your Own Corporation does an excellent job of explaining the various advantages and disadvantages of C and S Corporations, Limited Liability Companies, and Limited Partnerships from the legal perspective of how to save money on taxes and protect yourself from successful attacks on your personal assets. I particularly liked the way that the usual legal gobbledegook was avoided, and the ideas expressed in clear, simple language. As a lawyer, I felt that the work was highly accurate and well presented for a layperson. I was especially impressed with the very long appendix that outlined the legal circumstances in each state. On the other hand, the book makes it clear that you should get some legal and accounting help to make sure that you do things properly. My complaint about the book comes from the lack of describing the other methods that can be used to protect an individual and a family from liability. Setting up the right business structure is just part of what needs to be done. Other assets need to be protected using other techniques such as trusts, and insurance can also play a helpful role in protecting you from mistakes. In picking a legal advisor, I will also mention that many perfectly capable practitioners will not be familiar with this particular area of legal practice. So choose well, or you will not necessarily end up with the business structure you need. A good use of this book is to arm you with questions and background knowledge to help you test how current and experienced your potential legal advisor is. In fact, you may need more than one legal advisor to help you set up the optimum structures for your personal assets and your business activities. Taking time to eliminate risks and taxes in advance is well worth your focus and investment!
Rating: 
Summary: OWN YOUR OWN CORPORATION by GARRETT SUTTON
Review: As a owner of various companies, I look for books that will provide insight on limiting liabilities while maximizing profits. The author has suceeded with this book because it's written with a straight forward approach that breaks down difficult corporate terms into terms that anyone can understand. This was achieved by showing examples of certain situations and unknown facts that can happen to any individual or company.
I really like how the book explains all aspects of different types of corporations to establish depending on each individuals goal to keep their company private or go public. At the same time, the book teaches you various ways to protect your personal assets from your business assets. Just this section alone will eventually save you thousands in personal asset protection. Most importantly, I've read hundreds of books about corporations, asset protection, public or private, etc. with the majority being very boring with fancy terms that's hard to understand. This book was so enjoyable with simple terms and exciting case situations, I read the entire book without putting it down. I'm now re-reading it and underlining many facts that will be shared with my corporate paid professionals on various situations that my company needs to be protected against. I had no idea but thanks to your book, I do now. Finally, This book is a "MUST" read for anyone starting a corporation and a "MANDATORY" read for any owner of an existing corporation. Thanks to the author, Garrett Sutton, I'm now working smarter, counting more net profit and sleeping comfortably in my personally protected home.
Rating:
Summary: INCREASE YOUR CORPORATE LITERACY!
Review: Bottom Line is this: You have to be financially literate to get anything out of this book! The key to understanding any financial book and being rich period is understanding the TERMINOLOGY the rich use! Remember your banker and other advisors are only as smart as you! This book contains such language as "controlled group status". Most people with their formal education (which is a curse) dont know anything about words like that. But thank God I do and i understand that the AMERICAN Corporation is the most powerful tool that one can use to get rich.
Rating:
Summary: Excellent book for those in the B-Quadrant (or want to be)
Review: Easy to read. I formed a C corporation with Mr. Sutton's firm after reading this book. They took care of all that legal mumbo jumbo so I could focus on building my business. I was trapped in big corporations for 20 years - this book helped me understand how to get started...and the "right way" to protect my assets as an entrepreneur. I only have time to read 2-3 business books a year. I'm glad this was one of them.
Rating:
Summary: Groovy Corporate Info
Review: Easy to read. I formed a C corporation with Mr. Sutton's firm after reading this book. They took care of all that legal mumbo jumbo so I could focus on building my business. I was trapped in big corporations for 20 years - this book helped me understand how to get started...and the "right way" to protect my assets as an entrepreneur. I only have time to read 2-3 business books a year. I'm glad this was one of them.
Rating:
Summary: Good step for expanding one's financial literacy
Review: Fans of Kiyosaki will enjoy this book as it delves into the specifics of setting up and utilizing the benefits of corporations, as well as other legal entities. However, the book is geared mostly towards those who wish to create a corporation. Within it, the author details the requirements per each state as well as some helpful advice which would take tens of hours to get from various advisors. Overall, this is a good book. If you wish to know a bit more, check out INC. and GROW RICH! by Robert Allen. NOTE: if you're going to own real estate, my advisors told me that LLCs and Limited Partnerships are the best vehicles. Corporations tend to get hit with an additional self-employment tax so you don't get the passive cashflow benefits... I used to think like that and had a dead end day job. Now, I'm making more than ever and, in less than five years, I plan to be financially free. Good luck to those who keep an open mind.
Rating:
Summary: Not impressed!!!
Review: First, I must say that I have not read the entire book. My complaint about the book is the broad generalization it makes about the "bad entities" ('general partnerships' being one of them). The author tells you that a general partnership is a bad entity because you are personally liable for debt. Later on, as he describes corporations and LLCs, he mentions that small start-up are usually required by lenders to provide a personal guarantee that debt will be paid. Thus, even in those types of structures, the owner is still personally liable and their assets are at risk. He fails to mention that liability insurance can protect an business owner from some of the personal liability. It would have been nice if he could have provided more details in this area in order to distinguish between the two structures since the liabilty is the same. Maybe I just missed something.
Rating:
Summary: Must read for anyone forming a corporation or business.
Review: Garret Sutton does an excellent job explaining various corporations to meet particular needs. C, S and LLC corporations are covered thoroughly. I was talking to a friend the other day who is in the process of srting his own business. He didn't realize (many don't) the different corporations that are available. Own your Own Corporation will give you the knowledge to take to your attorney and start your own corporation properly. You'll be in control. Taxes and lawsuits are two of the biggest deterrents to building and keeping wealth. Sutton explains how to substantially reduce taxes (even FICA!) and insulate yourself from the something for nothing crowd that love to sue successful business people. Own Your Own Corporation is a must read for anyone in business or anyone who is contemplating forming a corporation and laucnhing a business.
Rating:
Summary: Learn How Corporations Work
Review: Garrett has done a great job of making a complex topic - corporate law - understandable. It's not the secret "how to" book that has all the secrets of the wealthy. It is a book that gives you the background and language to talk intelligently to your own advisors. As a fairly well-off business owner, I had to learn through years of experience how to take advantage of corporations for liability protection and tax savings. Read this book to speed up the process for you. I only wish it had been written a decade ago! Thank you Garrett for such a well-written and understandable book.
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