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

by James E Cheeks

Overview

“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.com

Millions 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 tax
• Decide who should hold business assets
• Withdraw business profits when needed
• Protect assets from creditor claims
• Create and preserve family wealth

There’s a clear path to riches . . . and this valuable guide leads the way.

Product Details

ISBN-13:	9781440513039
Publisher:	Adams Media
Publication date:	12/18/2009
Sold by:	SIMON & SCHUSTER
Format:	eBook
Pages:	320
File size:	1 MB

About the Author

James E. Cheeks (New York, NY) has advised entrepreneurs and professionals for more than twenty-five years on techniques for converting business income into personal and financial wealth. As adjunct professor in the graduate program at the Lubin School of Business at New York's Pace University, he has used the knowledge and skills developed in his law practice to instruct graduate accounting students in small business taxation and financial planning. He has served as vice president and director of the Research Institute of America.

Table of Contents

Introduction vii

Chapter 1 Building Your Wealth Plan 1

The Wealth Opportunities Audit

Chapter 2 Your Business Retirement Plan: Taking the Giant Step Toward Enduring Wealth 7

Wealth Creation Strategies 1-8

Chapter 3 Can You Afford Plan Investments for Employees? 51

Wealth Creation Strategies 9-15

Chapter 4 Complete Family Health Protection, Forever 79

Wealth Creation Strategies 16-22

Chapter 5 Giving Back-to Yourself 111

Wealth Creation Strategies 23-27

Chapter 6 Your Business Location 133

Wealth Creation Strategies 28-32

Chapter 7 Your Business Equipment 151

Wealth Creation Strategies 33-36

Chapter 8 You, Conglomerated 163

Wealth Creation Strategies 37-40

Chapter 9 The Home-Based Business 183

Wealth Creation Strategies 41-44

Chapter 10 Cashing In-Sort Of 197

Wealth Creation Strategies 45-51

Chapter 11 Wealth Creation Graduate School 225

Wealth Creation Strategies 52-59

Chapter 12 Keeping It in the Family 251

Wealth Creation Strategies 60-68

Chapter 13 Providing for Heirs Who Don't Join the Business 285

Wealth Creation Strategies 69-75

Index 305