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Summary: inc & grow rich
Review: this book helped me understand better about the structure of business, and what structure would be best for me. Need i say more.
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Summary: Who wants to pay the govenment any more taxes? I don't!
Review: This book is a great eye opener. I would not have known about the great opportunities that our govenment has provided for everyone. I will always have my Inc. & Grow Rich!Book next to me.
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Summary: Save Your Money & Hire a CPA
Review: This book is poorly written; creates more questions than answers and is nothing more than a sales pitch for you to hire Sage International to figure it out for you. While I perhaps know better now the questions to ask a CPA in general you're better off hiring a CPA to discuss your particular situation than buying this book. I was very disappointed and now questions Robert Kiyosaki's wisdom in recommending this book.... my guess, he's getting a commission!
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Summary: I found it to be a wonderful intro into what is possible
Review: This book was a great overview of what is possible when creating your business structure. However, you do need to look into some of the specific Internal Revenue Code concerning certain deductions, but the book lists those. In terms of actual "How-To", you are referred to "The Essential Corporation Handbook" which is why I do penalize the authors as much as some other reviewers. If you do not have a financial backgound, I would definitely enlist the services of a Qualified professional. This book is a great start for the novice.
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Summary: Reduce taxes by 70% and protect your assets
Review: Two of the biggest predators to business owners is taxes and lawsuits. What I learned from Inc. and Grow Rich was how to significantly reduce taxes (70% and more) and protect my assets.Taxes are one of the biggest deterrents to wealth. The more you make, the more they (the government) wants to take. By use of the strategies in this book, you are armed with the right information tolegally reduce your taxes down to the absolute
minimum. Once you establish yourself as a business, you immediately become a target. The information in Inc and Grow Rich will show you how to protect yourself. Important points covered in the book * Slash your taxes by 70% * Tax deductible cars * Tax deductible educational expences * Tax deductible life, health and automobile insurance * Tax deductible trips * Tax Deductible food * Tax deductible housing * Protect your personal and business assets * Don't pay probate costs * Don't pay inheritance taxes * Structure your financial affairs for wealth, not poverty There is an interesting quote in the book that I would like to share: "You simply need to learn how the rich get rich & do the same thing! What works for the rich will work for you too." The book covers in detail the eight legal business structures: I The Sole Proprietorship
II The General Partnership
III Limited PArtnerships
IV The Corporation
V "C" vs "S" Corporations
VI The Professional Corporation
VII Nonprofit or Not-for-profit corporations
VIII The Limited Liability Corporation In the chapter called 'Building your Wealth" by C. W. Allen, we learn the four founding principles of getting and staying rich which are: 1) Get into business for yourself and incorporate your business
2) Spend first - tax later (by operating as a corporation)
3) Own nothing - control everything (All your assets protected)
4) Use the magic of compound interest (rule of 72) The authors bring a varied and professional background and are uniquely qualified to present this information. C.W. Allen is a financial strategist and one of the nations foremost experts on the benefits of incorporating. Cheri S. Hill specializes in the practical, how to side of incorporating and is an established expert in incorporating. Diane Kennedy is a CPA as well as an owner, investor and real estate developer. She practices the advice she gives and shares her secrets, in particular how to reduce taxes. Ms. Kennedy is noted for "performing miracles" taking corporate taxes from the red and put them in the black. She has helped clients save 70% on taxes by proper use of the tax code. She also has information on how to pick a CPA that is right for you. Garrett Sutton is an attorney and an expert at asset protection. "Why work hard to accumulate assets when by doing so you become a target for frivolous litigation?" says Sutton and he addresses this question and others related to preserving family wealth and your hard earned assets. Overall Inc and Grow Rich is a excellent book for all business people. Also recommend Own Your Own Corporation by Garrett Sutton, Retire Young Retire Rich by Kennedy and Robert Kiyosaki, The Traders Tax Survival Guide by Ted Tesser and Form a Corporation and Launch a Business in Any State by J.W.Dicks.
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