Own Your Own Corporation : Book Review

"Own Your Own Corporation" by Garrett Sutton is a highly informative and practical guide for aspiring entrepreneurs and business owners. Sutton offers valuable insights and advice on the why and how of establishing a corporation, outlining the numerous benefits and protections it can provide. This book covers a wide range of topics, including selecting the appropriate structure, mitigating personal liability, implementing effective taxation strategies, and maintaining legal compliance. What sets this book apart is Sutton's ability to breakdown complex legal concepts into easily understandable terms, making it accessible to readers without a legal background.

One of the strengths of "Own Your Own Corporation" is Sutton's clarity in explaining different types of corporate structures and their advantages. By doing so, he empowers readers to make informed decisions regarding their business structure and understand the benefits of establishing a corporation.

Sutton also offers practical advice on how to maintain legal compliance and avoid potential risks. He emphasizes the importance of adhering to essential corporate formalities, such as holding regular meetings and maintaining accurate records. By following these practices, readers can protect their personal assets and minimize the risk of personal liability.

Additionally, the book serves as a comprehensive resource for taxation strategies specific to corporations. Sutton outlines various tax benefits and incentives available to business owners and provides guidance on how to take advantage of them. This information is particularly valuable for entrepreneurs looking to optimize their tax planning and minimize their overall tax burden.

Throughout the book, Sutton includes real-life examples and case studies that illustrate the practical applications of the concepts he discusses. This adds a level of practicality to the book, making it more than just a theoretical guide.

What are readers saying?

"Own Your Own Corporation" by Garrett Sutton has received high praise from readers due to its valuable insights and practical advice for entrepreneurs and business owners. With an overall rating of 4.14 out of 5 stars, the book effectively breaks down complex legal and financial topics into easily understandable concepts. Sutton's clear and concise writing style received numerous mentions from reviewers, as it allows readers to grasp the information without feeling overwhelmed.

The step-by-step guidance provided in the book was appreciated by many readers, as it helps navigate the intricacies of establishing and maintaining a corporation. Sutton offers real-life examples and case studies to illustrate how the concepts discussed can be implemented in the real world. Additionally, the book provides helpful resources and references for readers to further their understanding of owning a corporation.

One notable aspect of the book is its balanced perspective on the benefits and potential risks of owning a corporation. Sutton highlights the advantages of establishing a corporation while shedding light on the legal and financial responsibilities that come with it. Reviewers also commended Sutton's thorough explanation of asset protection and risk management, which helps readers understand how to safeguard personal assets and minimize liability by separating them from business assets.

It's worth noting that a few reviewers mentioned that some of the content may be more applicable to the United States, potentially limiting its relevance to readers from other countries. However, the majority of readers found "Own Your Own Corporation" to be a valuable and worthwhile read that provided them with practical knowledge and guidance for business ownership.