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Everything you really need to know is in the first few chapters. After that, it reads like stereo instructions except not as exciting.
Here's my Cliff Notes:
Use an LLC to protect assets and limit your liability for most small businesses. Avoid general partnerships and sole proprietorships. If you have multiple businesses or rental properties, put each one in a separate LLC. S and C corporations are beyond the needs of most small businesses. Incorporating in Wyoming or Nevada have benefits over other states. There are a few other good tidbits, but this book kinda sucked. There were times when I was driving and listening, and I thought, "Dear God when will this book be over?" I definitely learned some stuff, but I just did not enjoy the writing style. You could definitely tell that it was written by a lawyer.
9 of 10 people found this review helpful
great read, information was well delivered and easy to understand. listen to it twice simply because of the volume of information present.
4 of 4 people found this review helpful
good book, lots of food for thought and very insightful, should listen to in stages if new to the corporate world as lots of lessons can be taken form this book. helpful stories are used to get points across