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!

Must read for anyone forming a corporation or business.   October 5, 2003
 111 out of 115 found this review helpful

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.


OWN YOUR OWN CORPORATION by GARRETT SUTTON   September 27, 2001
 103 out of 181 found this review helpful

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.


Good book.   March 29, 2002
 68 out of 114 found this review helpful

The single greatest point of this book is the explanation of the difference between the employee and the employer. As an employee, you'll go to work, contribute to your 401K and hope your investments in that 401k work out and you have a comfortable retirement. However, Uncle Sam will take their bite out of any income that doesn't go into that 401k. And who's to say they won't come after your 401k in the future? Do you see a pattern here? The system, while being the greatest in the world, is still set up to limit your upward mobility. Keeping you on the low savings, highly taxed, debt treadmill is in the best interests of the corporations and the government. How do you get off? Become the corporation. This book teaches you the tax advantages of forming your own corporation and all the necessary legal procedures you'll need to get started. It's not that hard! What you do need, is a decent business plan and good idea you can make a profit on. This book fits in well with the other Rich Dad books. Before reading this book, I would recommend the Cash Flow Quadrant and Guide to Investing so you can develop a big picture view of your roll in the socio-economic system and what you are going to do to elevate your status. These books have inspired me to form my own PT business, incorporated of course!


Good book - ignore the critics   September 29, 2003
 55 out of 56 found this review helpful

I have read several books on setting up a corporation and still found many useful nuggets of information in here.Garrett Sutton is a legitimate authority and knows what he is talking about unlike some of the other books that are creeping up on the market place today...