Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Summary of Garrett Sutton's Start Your Own Corporation
    Summary of Garrett Sutton's Start Your Own Corporation
    Summary of Garrett Sutton's Start Your Own Corporation
    Ebook50 pages31 minutes

    Summary of Garrett Sutton's Start Your Own Corporation

    By IRB Media

    ()

    Read preview

    About this ebook

    Get the Summary of Garrett Sutton's Start Your Own Corporation in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: We live in a highly litigious world. As you live your life you must keep your guard up. As you grow your wealth you must protect it. For those who don’t predators await, and their attorneys will use every trick in the toolbox to get at - whether large or small-your unprotected assets.

    Start Your Own Corporation educates you on an action plan to protect your life’s gains. Corporate attorney and best selling author Garrett Sutton clearly explains the all too common risks of failing to protect yourself and the strategies for limiting your liability going forward. The information is timely, accessible and applicable to every citizen in every situation.

    LanguageEnglish
    PublisherIRB Media
    Release dateNov 30, 2021
    ISBN9781638159667
    Summary of Garrett Sutton's Start Your Own Corporation
    Author

    IRB Media

    With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

    Read more from Irb Media

    Related to Summary of Garrett Sutton's Start Your Own Corporation

    Related ebooks

    Business For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Is Your 401(k) or IRA a Sleeping Tax Bear?

      May 7, 2019

      Plenty of retirements these days are built in large part by stashing away money week by week into tax-deferred accounts, such as traditional IRAs or 401(k)s, among other options. And certainly, such accounts can provide a wonderful feeling of confid

      4 min read

    • Article

      A Tax Guide for Investors

      Mar 7, 2019

      For most people, tax time is about as much fun as taking a bath with an electric eel, and taxes on your investments can be particularly confusing and irksome. Nevertheless, if you make wise use of capital losses and gains, you may find that you owe l

      7 min read

    • Article

      How To Use A Self-Directed IRA To Invest In Real Estate

      Sep 20, 2018

      A self-directed IRA is a type of retirement account legally structured like a traditional or Roth IRA. Though the same annual contribution limits and potential tax advantages apply, self-directed IRAs allow individuals to utilize what is referred to

      3 min read

    • Article

      The Myth of Passive Real Estate Investing

      Jun 6, 2022

      In my financial planning firm, we focus on serving clients in their 30s to their 50s — and we see firsthand how popular the idea that real estate is a way to get rich (relatively) quick is. That would be fine if real estate was a no-brainer passive-i

      5 min read

    • Article

      Nontraditional Options Let IRA Investors Crank Up the Risk

      Sep 30, 2021

      Most retirement savers are determined to keep their investments simple. They stash most of their savings in low-cost index funds or in target-date funds, which are portfolios of diversified funds that become more conservative as you approach retireme

      7 min read

    • Article

      Want to Pay 0% in Taxes? Here’s How

      Aug 23, 2021

      One of the greatest expenses business owners and retirees alike face is income taxes. That’s why a forward-thinking tax planner is so valuable. They can leverage the Internal Revenue Code (IRC) to lower your taxes and help you build wealth. However,

      6 min read

    • Article

      Should You Do Your Own Taxes or Hire a Professional?

      Jan 30, 2020

      For some people, tax season poses little worry, and the process occurs painlessly. Simply populate the requisite fields on your 1040 with info from your W-2, claim the standard deduction, sign on the dotted line and e-file. After that, the check is

      4 min read

    • Article

      Why I Love My Whole Life Insurance Policy

      Aug 2, 2018

      At any given family or social event, once someone knows I am a financial planner I always get pulled to the side to answer some burning personal finance question. I can sympathize with doctors. I usually get asked about the market or some stock, but

      3 min read

    • Article

      Whole Life Insurance: It's a Swiss Army Knife for Financial Planning

      May 1, 2020

      The stock market may be jittery right now, but my whole life cash value continues to chug along. In my 20 years of providing financial advice, I have found whole life insurance to be one of the most important, yet overlooked financial planning tools

      6 min read

    • Article

      How to Profit From ETFs

      Jul 29, 2021

      Exchange-traded funds have never been hotter. Investors are pouring a record amount of money into ETFs, which hold baskets of securities like mutual funds do but trade like stocks. “It’s just explosive growth,” says Armando Senra, head of iShares Ame

      8 min read

    • Article

      The (Only) 3 Reasons You Should Have an Irrevocable Trust

      Jul 27, 2020

      Despite what you may have heard, you probably do not need (or want) an irrevocable trust. When you create an irrevocable trust you are creating a document you cannot change easily, and the property you transfer to the trust is no longer in your contr

      5 min read

    • Article

      How to Build Your Wealth in Your 40s

      Jan 21, 2020

      When you enter your 40s, you may start feeling like you have less time to prepare for retirement and find your financial footing. This added stress can make financial planning challenging during this stage of your life. Your 40s are a time to get fo

      3 min read

    • Article

      What Makes an Investment Right or Wrong for Your IRA?

      Sep 6, 2018

      Your Individual Retirement Account (IRA) is a tax aberration. The law grants IRAs a very narrow and strictly construed income tax treatment for a singular purpose: encouraging people to save for retirement. Perhaps you've accumulated a large IRA by

      4 min read

    • Article

      Retirement Plans For The Entrepreneur

      Jun 6, 2019

      The entrepreneurial spirit lies at the heart of the American dream. The path of the small-business owner is noble yet risky, and some entrepreneurs may feel out of their depth when it comes to managing both their business and their personal financial

      4 min read

    • Article

      Business Options: Which Structure For You?

      Apr 22, 2020

      Should you trade as a company, partnership or sole trader? Your choice depends on the number of business owners, whether you require investors, or want to sell the business in the future. The level of expenditure and financing required are other con

      1 min read

    • Article

      3 Money Tips for Busy Corporate Executives to Act on Now

      Nov 21, 2019

      Most corporate executives work hard for their money -- but devote little time to managing it. They are often traveling around the nation or the globe, cellphone in hand, constantly speaking to managers, clients and vendors, as well as sending and ret

      3 min read

    • Article

      Trusts: Bluffing Just Got Harder

      Jul 30, 2020

      I have been genuinely surprised recently by the number of baby boomers who are seemingly considering winding their trusts up as they move into retirement. Often stating they “don’t need them anymore” or are tired of the administration and the cost of

      3 min read

    • Article

      Step 4 Business Organization: Decide on the Type of Business Organization to Use

      Dec 29, 2022

      Order at https://homebusinessmag.com/home-based-business-guide You have a plan for your business. Hopefully, that plan includes the way in which your business will be set up from a legal point of view. This setup includes the selection of your compan

      14 min read

    • Article

      The Elimination of the Stretch IRA: 7 Strategies to Consider

      Mar 5, 2020

      It used to be that you could leave your IRA to your children after you die and they could stretch the taxable withdrawals out of that IRA account over their life expectancy of 20, 30, even 40 or more years. This was a great tax-deferral strategy. We

      7 min read

    • Article

      What’s Your (Legal Entity) Type?

      Jun 1, 2017

      “CHOOSING A BUSINESS ENTITY is like looking into the crystal ball of your company’s future,” says Chip Wry, a member of Waltham, Massachusetts–based law firm Morse Barnes-Brown & Pendleton. Before you can move toward that future, you have to know the

      3 min read

    • Article

      What Structure Should I Choose For My New Venture?

      Apr 1, 2020

      Congratulations if you’re one of the thousands joining the ranks this year of Australia’s 2.1 million-strong small business engine room.  Hopefully you’ve completed your research and there is a viable market for your widget or service, with the poten

      5 min read

    Related categories

    Reviews for Summary of Garrett Sutton's Start Your Own Corporation

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Summary of Garrett Sutton's Start Your Own Corporation - IRB Media

      Insights on Sutton Garrett's Start Your Own Corporation

      Contents

      Insights from Chapter 1

      Insights from Chapter 2

      Insights from Chapter 3

      Insights from Chapter 4

      Insights from Chapter 5

      Insights from Chapter 6

      Insights from Chapter 7

      Insights from Chapter 8

      Insights from Chapter 9

      Insights from Chapter 10

      Insights from Chapter 11

      Insights from Chapter 12

      Insights from Chapter 13

      Insights from Chapter 14

      Insights from Chapter 15

      Insights from Chapter 16

      Insights from Chapter 17

      Insights from Chapter 18

      Insights from Chapter 19

      Insights from Chapter 20

      Insights from Chapter 21

      Insights from Chapter 1

      #1

      When choosing a structure for your business, you must take into account your objectives, your assets, and your liabilities. You can choose a C corporation, an S corporation, a limited liability company, a limited partnership, a general partnership, or a sole proprietorship.

      #2

      Sole proprietorships and general partnerships provide no asset protection, and remember the Latin word ens, which means a real or existing thing. Your business is you, without any protection.

      #3

      The story of Johnny, a plumbing business owner, illustrates the dangers of operating as a sole proprietor. A sole proprietor has complete and total liability for the debts, claims, and obligations of the business, meaning his house and personal assets can be seized by creditors in the case of bankruptcy.

      #4

      A competent lawyer would have told Johnny that there are risks involved in starting any business, and to protect himself from such risks he must limit his liability by establishing a corporation or other good entity. A good entity is one that protects and shields your personal assets from business risk. A bad entity is one that provides you no protection.

      #5

      A general partnership is a business structure that allows multiple people to participate. Each partner is liable for the debts and obligations of the other partners, even if they weren’t aware of them.

      #6

      A general partnership is riskier than a sole proprietorship since it exposes the owner

      Enjoying the preview?
      Page 1 of 1