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

James E Cheeks

Dis 2009 · Kuthengiswe ngu-Simon and Schuster

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“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.

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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.