How to Use Limited Liability Companies & Limited Partnerships

(1 customer review)


Learn to protect assets and to create your own legal defense to protect against the claims of would-be creditors. This is the newly updated fourth edition that guides readers through getting the most out of their legal structure.




Product Description

You will learn how to:

  • Select the right entity for your specific use.
  • Follow the rules to keep your assets protected.
  • Creatively plan the future for your and your family.
  • Easily manage and operate an LLC or Limited Partnership.
  • Strategically use entities to hold real estate and other assets.

Praise from Critics

“The book is written in clear, cogent everyday language augmented by helpful examples. For anyone contemplating the formation of an LLC or LP, Sutton’s book is a valuable resource.” – Foreword Reviews

Praise from Readers

“This book can help you to be rich. It is a must read for those wanting to protect their wealth.”
Robert Kiyosaki, best selling author of the international best seller, “Rich Dad Poor Dad”

“I highly recommend this book. Every asset I own has its own protection and each investment is individually protected. If you are going to hold assets you need to implement the strategies clearly discussed in this excellent book.”
Ken McElroy, best selling author of “The ABCs of Real Estate Investing” and “The Advanced Guide to Real Estate Investing”

“Garrett Sutton has written an excellent overview of asset protection strategies allowing you to protect your life’s work. I recommend that all my clients read this book.”
Gary Gorman, best selling author of “Exchanging Up! How to Build a Real Estate Empire Without Paying Taxes…Using 1031 Exchanges.”

About the Author

Garrett Sutton, Esq. is a corporate attorney, asset protection expert and best selling author of 10 books. He has sold more than 850,000 books to guide entrepreneurs and investors. For more than 29 years, Garrett Sutton has run his practice assisting others in protecting assets and maximizing financial goals. The companies he founded, Corporate Direct and Sutton Law Center, have helped more than 10,000 clients protect assets and incorporate businesses. Garrett is a member of the elite group of “Rich Dad Advisors” for bestselling author Robert Kiyosaki.

Garrett Sutton is the author of Start Your Own Corporation, Loopholes of Real Estate, Run Your Own Corporation, The ABC’s of Getting Out of Debt, Writing Winning Business Plans and Buying and Selling a Business in the Rich Dad Advisors series.

How to Use Limited Liability Companies & Limited Partnerships   How to Use Limited Liability Companies & Limited Partnerships

Reviews (1)

1 review for How to Use Limited Liability Companies & Limited Partnerships

  1. Kristin Larsen

    “You are about to learn powerful legal strategies used by the rich for generations to protect their assets and operate their businesses.” Now in its fourth edition, How to Use Limited Liability Companies & Limited Partnerships: Getting the Most Out of Your Legal Structure is the perfect tool to explain how and when to use Limited Partnerships (LPs) and Limited Liability Companies (LLCs)—“two of the most popular and powerful business entities available today.”

    Over the course of twenty-one chapters, Sutton takes readers through the pros and cons of legal structures, weighing the differences between LPs, LLCs, General Partnerships, Corporations, and Sole Proprietorships. The bestselling author of business-related books, Sutton begins with a 15-point checklist as a guide to determine the best entity for seasoned and upcoming business owners. Following a step-by-step approach as he has done with his previous nine books, Sutton wants to make sure readers get it right before moving on to deeper issues by dedicating the first four chapters ALONE to entity selection.

    Plenty of charts, case studies, a bit of history here and there, and Q & A sections aptly grace page after page of user-friendly information that covers topics such as capital contributions, securities laws, asset protection, and real estate. Sutton gets into the nitty-gritty of LLCs/LPs, such as estate planning, joint ventures, and intellectual property, just to name a few. He even dedicates a chapter to the importance of following formalities, which includes a flurry of legal documents that business owners going the route of LLCs/LPs should not take lightly.

    As with all his books, Sutton always offers DIY tips to help business owners tailor their costs effectively and efficiently. This latest edition is nothing less than indispensable–a quintessential read for serious small-business owners.
    – Anita Lock, Book Reviewer

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