Why the Rich Own Their Own Companies and Everyone Else Works for Them (Rich Dad Advisors)

This book was really helpful for me. The author clearly explained the whys and hows of corporations and LLCs. I now have a very good understanding of how to proceed to protect my assets. This is an excellent book!!!!

Needs more substance. Covers some basics, but could use some more high power information. Examples always seemed to center on very small corporations. Looking for a serious book on business, now just how to angle everything to legally "cheat" the system.

Garrett Sutton goes through all the reasons why doing business as a person is a bad idea. If you operate under your own name, you open yourself up to liabilities which can wipe you out financially and emotionally, often through no fault of your own (except for ignorance). You also pay much more in taxes than you should have, based on higher tax rates and less options for legitimate deductions.

He then goes on to describe the different forms of entities you can form to operate under, and clearly explains the pros and cons behind each one. Some are really no different than operating under your own name. Garrett labels these 'bad entities' and steers you clear of them. The remaining 'good entities' are explained, with many examples, so you can find one that fits your particular situation. There is no 'one size fits all', as the examples will make quite clear.

Asset protection, tax benefits, estate planning, succession planning, these are all covered in enough detail to be useful, but not so much that your eyes glaze over. This book is no replacement for an attorney's advice, or a CPA's, and Garrett is also very clear on this. It will, however, give you a leg up so when you do talk to your own advisor(s), they will not need to explain every little concept to you, and if you get billed by the hour, then this book will save you many hours.

Highly recommended, and a credit to the Rich Dad Advisor series.

While this book includes some good information, I do not recommend it. His biggest advice is to hire experts. The author goes between providing more information and detail than seems necessary and being overly vague. He never seems to really strike a good balance. So, save the money on the book and hire an expert.

Great book to get the basics in starting your business, only reason Igave 4 stars is because I'm in Mexico and some concepts are specifically written for US entrepreneurs. However, no matter what country you're in, you'll get VERY useful information in terms of asset protection and basic legal advice. Thumbs up!

Not a helpful book. Not what advertised - missleading. Why people would write such positive reviews I have no idea. If you are looking to find help to start your own corporation is not what you think. There are more helpful books out there I hope. Good luck!