Inc. and Grow Rich

book cover

I'm on this business book kick and this is the most recent one that I've read. It gives an overview of some of the reasons why it is a good idea to incorporate your small business as a "C" corporation. Basically it boils down to tax savings and liability reduction.

What I took away from this book though was that running a corporation requires some significant overhead in exchange for significant benefits. Most of the benefits are only available if you have cash flow, and they boil down to the fact that a corporation can spend its money and then be taxed on what's left over. This is different than an individual who is taxed on what you make and then you spend what is left over.

There is enough detail to get a good handle on what the authors are talking about, but not enough detail to actual implement the strategies that they discuss.

(Stuff That I've Read For "Fun") Permanent Link made 9:27 AM | TrackBacks (0)

Comments (0) Make a Comment

Post a comment