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: The book explicitly points out that owning real estate directly under a C Corporation generally does not work well due to specific tax laws.

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: The text emphasizes the importance of maintaining "corporate formalities" (like meeting minutes and separate banking) to ensure the legal "corporate veil" remains intact. Critical Insights & Limitations : The book explicitly points out that owning

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The book heavily promotes Delaware and Nevada. For most small businesses, this is overkill. If you live in California or New York, you must register as a foreign entity anyway (paying two sets of fees). Unless you plan to raise venture capital, incorporate in your home state to save money.

Understand the difference between portfolio, passive, and ordinary income to pay less.