Title: Not impressed!!!
Product review: First, I must say that I have not read the entire book. My complaint about the book is the broad generalization it makes about the "bad entities" ('general partnerships' being one of them). The author tells you that a general partnership is a bad entity because you are personally liable for debt. Later on, as he describes corporations and LLCs, he mentions that small start-up are usually required by lenders to provide a personal guarantee that debt will be paid. Thus, even in those types of structures, the owner is still personally liable and their assets are at risk. He fails to mention that liability insurance can protect an business owner from some of the personal liability. It would have been nice if he could have provided more details in this area in order to distinguish between the two structures since the liabilty is the same. Maybe I just missed something.
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