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Laypersons, faced with making decisions involving legal issues, often don't know what they are missing. The imagination cannot readily produce scenarios of situations not studied or otherwise imagined. Depending on previous background in this area, a listener might or might not understand all of this book, especially on the first pass, but it has huge usefulness in flagging issues and problems, and demonstrating some of the complexities that, if not dealt with prospectively, can jump up later and bite the entrepreneur (at a time perhaps too late to correct the problem short of litigation). There is little as disheartening as watching, for example, one's small business evaporate in a legal fight between its own people. One may wish not to start a business-legal "marriage" with such somber thoughts, but it is better to take time, get sophisticated, and iron things out at the earliest moment, than later. I think the author has done a useful service with this book. Merely grasping the innate complexities can affect how people approach their business ventures. And time spent self-educating about the issues makes for more economical interaction with a lawyer when that is needed. The price and my time invested here are well worth it, I think.
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read this book in preparation for a tax conference that's coming up! I enjoyed how this covered legal taxation aspects coupled with very real practical considerations for business and startups. gives many do's and don'ts for those negotiating sale or purchase of businesses. gives persuasive examples why qualified legal and accounting staff are a must. by trying to cut Corners you can cost yourself loads of money time and by yourself major headaches.