Wealth Creation for Small Business Owners: 75 Strategies for Financial Success in Any Economy

Description

"Wealth management . . . is not often at the forefront of a young entrepreneur's mind. But with some careful planning you can ensure that you are flush for the future."—Dominic Preston, GrowthBusiness.comMillions of small business owners are sitting on a gold mine and don't realize it! Your enterprises can be tools for creating extensive personal wealth—assets not tied to your businesses. Certain little-known small business laws allow entrepreneurs to use business tax systems to build retirement funds, maintain good health care and insurance, and hold on to family assets. Now, using easy-to-grasp strategies, lawyer and professor James E. Cheeks demonstrates how to legally:Shelter business profits from taxDecide who should hold business assetsWithdraw business profits when neededProtect assets from creditor claimsCreate and preserve family wealthThere's a clear path to riches . . . and this valuable guide leads the way.