We live in a highly litigious world. As you live your life you must keep your guard up. As you grow your wealth you must protect it. For those who don't, predators await, and their attorneys will use every trick in the toolbox to get at your unprotected assets.
Start Your Own Corporation educates you on an action plan to protect your life's gains. Corporate attorney and best-selling author Garrett Sutton clearly explains the all-too-common risks of failing to protect yourself and the strategies for limiting your liability going forward. The information is timely, accessible and applicable to every citizen in every situation.
Garrett Sutton has spent the last 30 years protecting clients' assets and implementing corporate structures to limit liability. This significant experience shines through in a very listenable audiobook on the why-to's and how-to's for achieving asset protection. Start Your Own Corporation teaches how to select between corporations and LLCs and how to use Nevada and Wyoming entities to your maximum advantage. This non-technical and easy-to-understand audiobook also educates on the importance of following corporate formalities, using business tax deductions and building business credit.
PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio.
©2013 Garrett Sutton (P)2013 Hachette Audio
Although it can get complex, he helps you grapple with each idea and the reasoning behind it. Get the other book on Running a Corporation as well.
great read, information was well delivered and easy to understand. listen to it twice simply because of the volume of information present.
I want to start a business but didn't even know where to start. Start Your Own Corporation is a great tool to get you started. I am now much more confident that I can create a company that will last. You may not soak in everything in this book the first time, but you'll have an idea of where to go for answers.
Yes, this book was really helpful to me as a small business owner to make sure my company was properly form and maintained.
All of the examples were good to hear and helps you remember each principle.
Really helped me make sure my liability remains limited for my LLC.
No, they refer to graphs and diagrams on occasion and that is always frustrating when you are at the gym or driving.
No, my friends will not be starting companies.
Everything you really need to know is in the first few chapters. After that, it reads like stereo instructions except not as exciting.
Here's my Cliff Notes:
Use an LLC to protect assets and limit your liability for most small businesses. Avoid general partnerships and sole proprietorships. If you have multiple businesses or rental properties, put each one in a separate LLC. S and C corporations are beyond the needs of most small businesses. Incorporating in Wyoming or Nevada have benefits over other states. There are a few other good tidbits, but this book kinda sucked. There were times when I was driving and listening, and I thought, "Dear God when will this book be over?" I definitely learned some stuff, but I just did not enjoy the writing style. You could definitely tell that it was written by a lawyer.
The book is incredibly informational and offers a generally easy to follow explanation and guide to corporations and formalities. I definitley learned a lot, as a beginner. At times I did get a little bored, but this was primarily due to a lack of interest in particular topics which were not really pertinent to my situation, but which I chose to listen to anyway.
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