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Chapter One B.C. (Before Corporation) Control

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There are many things we cannot control. Economic cycles, accidents and natural disasters, among others, are all beyond our individual grasp and control.

We also can’t control our customers and clients. Some may be dissatisfied over one matter while others will never be satisfied with anything. We must appreciate this fact as we run our business and manage our real estate.

In the face of this lack of control, we must be ever more vigilant to properly control our own entity. Choosing the right entity is a start – a foundation for growth and protection. But as Robert Kiyosaki mentioned in the Foreword, basic asset protection isn’t enough anymore. You need to take the next steps for better protection. Forming an entity is your foundation. Then you must follow the corporate formalities and tax laws. These are your building materials. You want to do it right using brick and not straw, and thus be protected. Your entity is a structure, and the more solid the foundation and building materials are, the more protection and control you will have.

Run Your Own Corporation

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