Lesson Five, the Rich Invent Money

An individual with the knowledge of the tax advantages and protection provided by a corporation can get rich so much faster than someone who is an employee or a small business sole proprietor. The difference is profound when it comes to long-term wealth. A corporation can do so many things that an individual cannot, like pay for expenses before it pays taxes. They're easy to set up and not expensive if you own investments that are producing good cash flow.