Inc Yourself How to Profit by Setting up Your Own Corporation Inc Yourself
Inc Yourself How to Profit by Setting up Your Own Corporation Inc Yourself
Inc. Yourself is the longest-selling business book in continuous print in the history of trade publishing, with more than 500,000 copies sold since 1977. This “entrepreneurial classic” (CNBC) is now completely revised and updated-and available in a lower-priced paperback-to help new and recent entrepreneurs. Written in clear, easy-to-understand language, Inc. Yourself is a no-nonsense, step-by-step guide to success. It provides meticulously researched information on the latest tax laws and legislation that affect individuals and small businesses.
User Ratings and Reviews
5 Stars Great Read a must for any Professional.
Inc. Yourself, should be read by anyone who is a sole proprietor, or anyone wishing to start their own business. The author explains the different types of Corporations, and which one you would chose based on your needs. She has many examples and forms. She also covers all 50 states in her Index. Once again this is a must read by anyone who has their own business and hasn’t incorportated yet.
2 Stars Not enough information about what to do after you’re incorporated.
I own a very small business–right now I’m the only employee. I cannot afford to retain an attorney for every little question I have. I bought this book in the hopes that it would tell me what to do each year to manage an s-corp. Not manage in the day to day business sense, but the forms, the “meetings” where you are supposed to keep minutes (it seems kind of stupid that a one person business is required to do this), the contracts that you’re supposed to make with yourself if you borrow money from yourself, etc.
It addressed none of these questions. It basically told me everything I already knew and paid through the nose for with my ex-friend attorney. (yes, she’s my ex-friend because I hired her for my incorporation process).
Perhaps this book would be helpful if you are in the very, very beginning stages of even thinking about incorporating.
Basically, the main points are to talk to your accountant about which type of entity would be best for you. I think you can find most of the information provided in this book on websites.
But as far as maintaining your corp, I still haven’t found a good resource and I’m not about to hire another attorney.
5 Stars Excellent pros & cons of incorporating
I read an earlier edition of this book and lent it to a few different people (the last didn’t return it). I am buying another copy for myself to keep and one to lend. It’s that good.
3 Stars Not for an Amateur…
I bought this book with the hopes of getting a good step by step introduction as to how to start my own Inc. business. Turns out the author’s presentation was way out of my league and was geared toward people who already have an established business. This book is mostly about the tax benefits a a established business would get if it Incorporated itself….This isnt a “How To-Getting Started” Book for people wanting to start their own business for the first time. Also, too many figures and too many numbers, and the language used was very complex…the type of language people would get their lawyers to interpret for them.
However, I did get something out of this book, and that is to start a corporation, the pros and cons of each type of corporation, and the do’s and don’ts. It’s not a How to do…so I would recommend reading a book on HOW to start your own business, and then once you know how to, then read Inc. Yourself.
Overall, it was worth the read.
2 Stars How did this get to be called “a classic?”
I really do not know why this is in it’s 10th edition or on it’s 25 anniversary. I purchased the book thinking it would be a useful introduction to the benefits of incorporation and guidance for the benefits / drawbacks to each form of corporation. The discussion is more suitable for someone with significant exposure to corporate structure who is looking for fine tune their strategies – perhaps an accountant or a tax attorney. While I (a physician) could often understand what the author was trying to communicate, I found her approach confusing.
