Rich Dad's Advisors: Loopholes of the Rich - How the Rich Legally Make More Money and Pay Less Tax
Diane Kennedy


Compras Nikon
Bluetooth
1 Good starter book to learn more
This is an excellent book to give you a taste of how you can leverage corporate structures to your advantage. It's not a detailed "how to" book but it does review the various structures (C Corp, S Corp, LLC) and how they can be used to keep more money in your pocket or provide asset protection.

Throughout the book, "real life" examples are used to better illustrate the subject matter including computer consulting and real estate. The author explains that you should create a support system around you - people that are experts in their area: accountants, attorneys, etc. Leverage their expertise, ask them questions, and have them do the work you shouldn't be doing.

The author assumes that you have, or are creating, a business. She points out the tax advantages to the corporation and "paying yourself first" when it comes to the tax-man. Included are lists and lists of expenses and other items that can be paid for by your corporation and lower your tax liability.

If you want to get a taste of what you can do, get a copy of this book and go into it with an open mind. All of the subject matter is legitmiate - there is nothing illegal about it. I've used many of the tatics described in the book and they've worked great for my business.



Thursday, 21-Aug-2008 15:15:55 CDT
Quote of the Day:


Heard that the next Space Shuttle is supposed to carry several Guernsey cows?

It's gonna be the herd shot 'round the world.

If God is perfect, why did He create discontinuous functions?