I started reading Own Your Own Corporation a few months ago – sometime during the summer, I believe. The book is part of the Rich Dad series that attempts to give everyday schmucks like you and me some insight into what the millionaire mind thinks about money and making money. The series is actually a pretty good series and I recommend it to anyone out there who is looking for a different view on money.
My adventures with the Rich Dad series began sometime last spring; I think it was around February or March. At the time, I was trying to figure out how to juggle all of my finances in a way that 1) paid off my debts quickly and 2) I could start to build some financial assets, no matter how small. Well, without losing focus of this particular book review, the Rich Dad approach worked for me with respect to helping me understand money and who needs to get paid first on payday…
This book, written by Garrett Sutton, Esq., is an excellent review of the types of business entities that you could potentially start and what makes each of them different. Sutton goes over the advantages and disadvantages of each entity and then gives some pointers on how to make money to fund your new organization.
I admit that the information in this book wasn’t exactly applicable to me and my new web design firm, but the stuff about employees and independent contractors was interesting and could be useful in the future. I recommend this book to anyone who is looking to start a big-time company, but if you’re looking to start a small-scale (and I mean SMALL-scale) company like me, then Own Your Own Corporation may not be the best investment for you, though the information on the pros and cons of different organizations may be helpful at some point in the future.