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Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them

Name: Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them (Rich Dad's Advisors)
Rating: 4.19 (47 reviews)
ISBN: 9780446678612

Garrett Sutton

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This book reveals how to incorporate a business, to protect your assets from the potential attack of creditors and to save tax. It provides a clear understanding of how legal business systems and traditions have developed over the years and how the structures for running a business have evolved.

GenresBusinessFinanceMoneyNonfictionEntrepreneurshipPersonal FinanceSelf Help

317 pages, Paperback

First published October 1, 2001

About the author

Garrett Sutton

59 books233 followers

Garrett Sutton, Esq. is a Rich Dad Advisor, a nationally acclaimed corporate attorney and asset protection expert.

A graduate of the University of California, Berkeley and Hastings College of the Law, the University of California’s law school in San Francisco, Garrett has written a number of books guiding entrepreneurs and investors. Garrett’s best sellers include: Start Your Own Corporation, Loopholes of Real Estate, Writing Winning Business Plans and Run Your Own Corporation in Robert Kiyosaki’s Rich Dad Advisor series. Garrett is also the author of How to Use Limited Liability Companies & Limited Partnerships and the co-author of Finance Your Own Business.

Garrett is the founder of Corporate Direct and Sutton Law Center, which since 1988 have provided affordable asset protection and corporate formation and maintenance services for investors around the world.

His articles and quotes have been published in The Wall Street Journal, New York Times, CBS.com, Time.com and Credit.com. More information is found at CorporateDirect.com and Sutlaw.com. Garrett serves on the boards of the Birmingham, Alabama-based American Baseball Foundation and the Nevada Museum of Art in Reno, Nevada. He is married with three children and lives in Reno, Nevada.

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5 stars

3,420 (50%)

4 stars

1,689 (25%)

3 stars

1,191 (17%)

2 stars

292 (4%)

1 star

132 (1%)

Displaying 1 - 30 of 47 reviews

Stefani

1,527 reviews55 followers

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July 1, 2020

This is very US focused and therefore not as relevant for me as I'm based elsewhere. I won't rate it.

audiobooks non-fiction

William Ng

49 reviews3 followers

September 23, 2018

A dense read for sure. If I got anything out of it, it's to hire a lawyer experienced in the setting up of LLCs, LPs, corporations, etc, and to get a good accountant also experienced in this area. There are many legal liabilities that could come back to haunt you if you don't set things up correctly in the beginning.
Overall, thorough and walks the reader through the steps of incorporation. Also provides useful tips and anecdotes to help the reader gain deeper and more personal understanding.

Rr8887com

1 review

July 22, 2025

Pintu Saw

Author 9 books37 followers

March 10, 2025

Own Your Own Corporation is a practical and insightful guide on why owning a corporation is a game-changer for building wealth and protecting assets. The book explains how the wealthy use corporate structures to minimize taxes, safeguard personal wealth, and create long-term financial success. It provides clear steps on how anyone can start and benefit from owning their own business entity, whether you’re an entrepreneur or just looking to secure your financial future. If you're seeking a strategic way to shift from being an employee to becoming an owner, this book offers valuable, actionable advice.

Oliver

22 reviews

May 15, 2017

Great book to understand and grasp the types of entities available and defining its characteristics. It’s not a how to step by step guide to incorporate a business. However, it gives ample information to guide you to the entity that is most favorable to your needs. I would highly recommend that you get a more recent copy—if available—when you’re close to open or incorporate your own business.

2017

Craig Kelley

Author 13 books1 follower

July 8, 2009

This was probably one of my least favorite Rich Dad series books. Although the format of the book is very similar to the other 'rich dad' books it wasn't as enjoyable to read. Maybe if you are an attorney you'd enjoy it more.

Corey Grant

Author 6 books10 followers

September 15, 2011

Learn how the rich get richer and the poor get poorer. This book gives you the secrets to how those in the know lower their taxable income doing the same things that others have to pay out of pocket to do.

Suparnkumar Sathe

20 reviews4 followers

November 24, 2017

Great book. A must for someone who wants to start a business or wants to keep his assets safer. Nicely explains different types of business entities and their pros and cons. Only issue is the rules discussed are of US, so one will have to be careful to check current rules of his own country.

Radcliffe Flores

6 reviews

July 11, 2019

This book helped in the decision whether to incorporate our rentals. In the end due to the total value of all properties, a simple umbrella insurance was sufficient. This pertains to my financial factors. Not the same for everyone else.

Roger

9 reviews3 followers

November 13, 2013

Fantastic book with great examples. I'd recommend this book for anyone thinking of starting a company or that is new to owning a company.

Brian

1,454 reviews30 followers

September 18, 2017

This seemed similar to Running Your Own Corporation, but it still served as a good refresher.

personal

Larry Zhou

15 reviews42 followers

June 8, 2018

Basics of starting a company. Good reinforcement learning. Nothing you can’t get from doing research online. Somewhat dated with the new tax laws in place but still a goodie!

Wenny H

113 reviews8 followers

June 13, 2019

A good primer on things to look at when setting up a business, explains well the types of business entities available, their pros and cons. Worth going through as a workbook of sorts.

reference-business workbooks

Erkko

7 reviews

October 8, 2020

This book should have different countries based editions. Not much help when living outside of U.S.

wealth

Tanner Nelsen

40 reviews

November 8, 2024

Very good for beginner info that’s all tbh

Pensusvi

79 reviews

June 6, 2026

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Màn hình Xiaomi 17T Pro (trái) và POCO X8 Pro Max (phải)

Sự khác biệt cốt lõi về hiệu năng và thiết kế
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Thiết kế Xiaomi 17T Pro (trái) và POCO X8 Pro Max (phải)

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寿理宮本

2,711 reviews17 followers

March 7, 2025

I think I'm being sarcastic with my "prize inside" tag, since it has a link to an audio interview bonus as thanks for reading the book. The link is expired as of checking just now, though. Come on, it's ONLY a 23-year-old link by now! Why couldn't they keep it running?

That said, I was going to give it a higher rating as benefit of the doubt, since the parts I read DID read well, but I feel like the broken link deserves a deduction. The rest, while I can understand a few parts that explain why sole proprietorship is bad (as is basic failure to consider everything needed to run a business and not doing extremely obvious things like running a background check on a potential new employee), I'm confused about things like the buy-sell agreement... I can sort of follow the example, but probably because I forget a very lot of things almost as soon as I read them when it comes to legalese, I couldn't follow the actual example agreement shown. Sounds like I'll be in trouble if I ever start a business!

The book's subtitle seems, then, to suggest that the rich own their own companies because they can read legalese and find all the loopholes that benefit them, while "everyone else" either can't parse it or don't want the hassle of it. I'm sort of both types of "everyone else" for the purposes of this exercise: There's an amount that I can skim any agreement put in front of me to see anything that particularly jumps out at me as bad, but it's tedious, and a very lot of the time, it won't matter whether I understood what I signed or not, because it's never an issue, and/or (hopefully) the other parties involved are trustworthy enough to not screw me over the first chance they get.

I think I would put more effort into reading this had I actually the motivation to own a business, rather than have a decent enough salary and set work hours that allow me to go home and NOT WORRY IF I'M GOING TO BE SUED for hiring a sex offender (as per the "sole proprietor" example).

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Antony kh

1 review

November 12, 2025

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Jau

2 reviews

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January 3, 2026

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Novallie

21 reviews

June 2, 2026

Fast, friendly, and professional.

Marie Cole

14 reviews

March 30, 2026

This book focuses on using business structures, like corporations, to protect assets and reduce taxes. It explains legal systems and how businesses are set up in a simple, educational way. Readers find it useful for understanding basics of asset protection and tax strategy, though it may feel general and not detailed enough for advanced or country-specific application. Overall, it’s a helpful introductory guide for entrepreneurs.

Corey

209 reviews9 followers

April 25, 2018

Summary:
This is another light introduction to some basic concepts. Not much to glean here, and Google has this information readily available.

I wouldn't recommend this book.

The main message I took from this book is to do your due diligence on entity selection.

A notable point:
- Entity selection is important to consider and entities that shield you from personal risk are preferable.

Seemy

921 reviews11 followers

January 9, 2024

Not bad book to get you start thinking about the importance of protecting yourself via corporations for personal protection as well as better tax planning - obviously this is out of date or one must remain updated about the latest laws governing your specific country or state - but good as an intro in my opinion to get you thinking the right way about this

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Ismail Diabolic

61 reviews9 followers

July 22, 2016

This book is not for everyone, why you ask !
This is not an inspiring novel, on how to get rich, as the name depicts "Rich dad advisory" is here to advise you to make up your mind if you're going to start your own company.

Mostly helpful for the people live in America.
Others can just make notes on how different companies work if you don't already know.

As a finance student or if you're planing for a start-up, this might help you knowing the ins and outs of a going concern.

Anant Kumar

7 reviews7 followers

September 12, 2016

This book is great to enhance your knowledge for better financial protection and understanding. But if you aren't an US citizen you will not find it interesting as it only talks about the American financial laws and regulations and it would be bit tough to correlate its application with your country.

Rita Webb

Author 10 books195 followers

October 26, 2009

For me, this was a very useful introduction of S-corporations, C-corporations, LLC's, and LP's and the pros and cons of each. The author used case studies to illustrate the technical jargon, which made it very helpful for me to understand.

financial read-in-2009

Ben

33 reviews17 followers

November 2, 2012

Not exactly brilliant prose, but very simple explanation of corporations, the benefits, etc. It would be better if there were a few more clear next steps on how to begin the process, but there are other books for that.

Ryan

5 reviews1 follower

July 13, 2007

It is always a good idea to separate your assets from yourself in case of a lawsuit! They can't touch your other assets if they sue you over that property that is inside a good ol LLC.

Displaying 1 - 30 of 47 reviews

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Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them

Garrett Sutton

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