Rich Dad Advisors: Start Your Own Corporation, 2nd Edition

Why the Rich Own Their Own Companies and Everyone Else Works for Them
Narrated by: Garrett Sutton
Length: 7 hrs and 35 mins
4.8 out of 5 stars (101 ratings)

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Publisher's Summary

Updated for the new tax law!

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 tos and how tos 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 nontechnical and easy-to-understand audiobook also educates on the importance of following corporate formalities, using business tax deductions, and building business credit.

©2001, 2008, 2012 Garrett Sutton, Esq. (P)2019 Hachette Audio

What listeners say about Rich Dad Advisors: Start Your Own Corporation, 2nd Edition

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A Solid 4.8 For Me

Mr. Sutton is a great narrator and has excellent information to share. He does a great job of walking you through the basics and intermediates of the varies entities and the asset protection strategies they may pair well with. He does take a moment in about every other chapter to remind of the services his company provides .. and it's cost. I don't mind when Author's let people know they have a company/website that can help with what your reading, but that seems too much like an ad for me. Normally, I would take a star off for that, with exception that when Mr Sutton notifies you of his price, he still advises that you find an organization you trust and have done your due diligence researching. So it's more of a reference point than an ad, so only a .2 reduction. Mr Sutton's voice is actually entertaining to listen to. I love when Author's take the time to narrate their own book. That you get to real understand how the author feels about their work. It's easy to hear Me Sutton is passionate about helping others save money and stress through the formation of your company/entities. (As well running, financing, and more in other books from what I've found) I listened the whole way through in only a few days, which a testament to how not boring the book actually turns out to be. If you're interested in starting your own company, read this first!

1 person found this helpful

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Another piece of the puzzle

No one book or audible by itself is enough. Keep going. A number of the ones I have read or listened to provide links to the next piece. i found this very informative.

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Amazingly important

Very imporant book, I'm really glad I listened to it and took notes but you may find some chapters boring. I still highly recommend it 100%

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Example Heaven

This is Packed Full of Great Examples! I also like that he sets the expectations that you still need to speak with an advisor, but now you will be more educated going into the conversation. I will be spreading the good word. Thanks.

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Awesome Book!

Learned a lot. Schools need to teach this. Give this to your kids when your done.

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Must read for entrepreneurs

concise info on corporate structures. dos and don't s tons of other useful info as well on things like getting funding. this is an easy way to get a solid understanding of how of how to start a business. also I emailed the authors office for the companion materials and they promptly sent me 2 large PDF packages. given the breadth of knowledge. here I would also recommend hiring this firm to do your filings.

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great book filled with very useful info

great informative book. too much info to remember, so I know I'll listen again in the future.

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Glad I purchased

so being honest I had just finished the first edition of this book and lo and behold here was a second one! I'm actually glad that I purchased and that I went through and read the whole book I found it a lot easier to understand than the first one even though a lot of the information is the same and of course the tax codes were updated. I feel like in the second book he didn't over tell the stories and give you all the background of information that really didn't matter I like that he stuck to the facts it made it a lot easier to honestly fly through this and remember the information that I had already learned before also this one helped me a lot as far as having chunks of information in one chapter instead of spread across the whole entire book where I had to take a million note I honestly only had two take notes on four chapters and I was able to completely get my company up and running and pick the right professionals

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Worth it for the novice

I'm just starting to explore the Rick Dad Poor Dad series and trying to shift my mindset to getting rich as I enter my thirties. I know very little on building a business, real estate, the legalities behind it, corporations, partnerships, and such. This book was added great value to my level. It's (like Rich Dad Poor Dad) full of stories that help visualize a situation better which helps me learn better, however, it's not comprehensive nor detailed or straight-forward The beginning chapters were all about the types of corporations and the differences between them. A little hard to finish these chapters and I started to lose interest, but I pushed through it (I'm no quitter). Around chapter 11, the book picked up again with some valuable information in each chapter and a new subject What I got from this book: - Types of corporations and which one you should choose for you - What can go wrong when building a business - Structure of a business, and legal documents - Protecting your assets is key - California is on the harder side when building a business, while Nevada and Wyoming offer the best protection

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Info you can act on.

Useful information that you can take to your next meeting or business proposal. This book has many useful tips and shows corporate pitfalls to avoid.