A common pitfall for entrepreneurs is failing to follow corporate formalities (e.g., annual filings, meeting minutes). Sutton warns that ignoring these can lead to the "piercing of the corporate veil," exposing personal wealth to business risks. Paper Development Resources
Recommended for reducing payroll taxes by splitting income between a reasonable salary and distributions. Start Your Own Corporation by Garrett Sutton PDF
A key tactic Sutton discusses is incorporating in "business-friendly" states like Nevada and Wyoming to leverage strict privacy and asset protection laws. A common pitfall for entrepreneurs is failing to
If you need the full text for detailed citations, you can find the Start Your Own Corporation 3rd Edition at major retailers or explore digital summaries for quick reference: Go to product viewer dialog for this item. Start Your Own Corporation, 3rd Edition A key tactic Sutton discusses is incorporating in
Praised for flexibility in management and strong protection against "charging orders" that prevent creditors from seizing actual business assets.