A painstakingly meticulous introduction to a labyrinthine sector of business law.

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HOW TO USE LIMITED LIABILITY COMPANIES & LIMITED PARTNERSHIPS

GETTING THE MOST OUT OF YOUR LEGAL STRUCTURE

A concise but comprehensive overview of legal strategies to manage a business and protect one’s assets.

There are several legal entities that one may use to conduct a business, including corporations, general partnerships, limited partnerships, and limited liability companies. Attorney Sutton (Loopholes of Real Estate, 2013, etc.) takes each legal structure in turn and explains its essential advantages and disadvantages. Each is designed in different ways to control the management of one’s business, shield oneself from legal and financial liability, and capitalize on opportunities to lower one’s tax burden. This introductory volume is notably thorough, including a separate chapter on intellectual property—essential for “any halfway sophisticated purchaser of a business”—and extended discussions of bankruptcy, estate planning, and divorce. Sutton also provides a lengthy treatment of fundraising and the pertinent laws that govern securities. During a discussion of due diligence, the author even furnishes a template for keeping the minutes of a meeting. A spirit of relentless preparation in a dangerous, unpredictable world infuses the entire book: “As every reader knows, there are predators in our society poised to attack for the slightest real or imagined infraction,” Sutton notes. The subject matter is often vertiginously complex and full of hypertechnical legalese, but the author lucidly explains it all. He approaches the material like a teacher, using simple hypothetical scenarios to illustrate nuanced points; he also includes lists of frequently asked questions and their answers. No amateur could possibly master all the relevant details here, so the book is best understood as a primer that will allow readers to competently hire a legal expert. This isn’t breezy reading, and its comprehension demands focused study. However, it’s hard to imagine a more rational exposition, and it should prove useful to those who need to understand the difference between sound and unsound guidance.

A painstakingly meticulous introduction to a labyrinthine sector of business law.

Pub Date: Jan. 10, 2016

ISBN: 978-1-944194-14-7

Page Count: 240

Publisher: Success DNA, INC.

Review Posted Online: Dec. 20, 2016

Kirkus Reviews Issue: Feb. 15, 2017

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Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our...

THINKING, FAST AND SLOW

A psychologist and Nobel Prize winner summarizes and synthesizes the recent decades of research on intuition and systematic thinking.

The author of several scholarly texts, Kahneman (Emeritus Psychology and Public Affairs/Princeton Univ.) now offers general readers not just the findings of psychological research but also a better understanding of how research questions arise and how scholars systematically frame and answer them. He begins with the distinction between System 1 and System 2 mental operations, the former referring to quick, automatic thought, the latter to more effortful, overt thinking. We rely heavily, writes, on System 1, resorting to the higher-energy System 2 only when we need or want to. Kahneman continually refers to System 2 as “lazy”: We don’t want to think rigorously about something. The author then explores the nuances of our two-system minds, showing how they perform in various situations. Psychological experiments have repeatedly revealed that our intuitions are generally wrong, that our assessments are based on biases and that our System 1 hates doubt and despises ambiguity. Kahneman largely avoids jargon; when he does use some (“heuristics,” for example), he argues that such terms really ought to join our everyday vocabulary. He reviews many fundamental concepts in psychology and statistics (regression to the mean, the narrative fallacy, the optimistic bias), showing how they relate to his overall concerns about how we think and why we make the decisions that we do. Some of the later chapters (dealing with risk-taking and statistics and probabilities) are denser than others (some readers may resent such demands on System 2!), but the passages that deal with the economic and political implications of the research are gripping.

Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our minds.

Pub Date: Nov. 1, 2011

ISBN: 978-0-374-27563-1

Page Count: 512

Publisher: Farrar, Straus and Giroux

Review Posted Online: Sept. 4, 2011

Kirkus Reviews Issue: Sept. 15, 2011

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A deftly argued case for a new kind of socialism that, while sure to inspire controversy, bears widespread discussion.

CAPITAL AND IDEOLOGY

A massive investigation of economic history in the service of proposing a political order to overcome inequality.

Readers who like their political manifestoes in manageable sizes, à la Common Sense or The Communist Manifesto, may be overwhelmed by the latest from famed French economist Piketty (Top Incomes in France in the Twentieth Century: Inequality and Redistribution, 1901-1998, 2014, etc.), but it’s a significant work. The author interrogates the principal forms of economic organization over time, from slavery to “non-European trifunctional societies,” Chinese-style communism, and “hypercapitalist” orders, in order to examine relative levels of inequality and its evolution. Each system is founded on an ideology, and “every ideology, no matter how extreme it may seem in its defense of inequality, expresses a certain idea of social justice.” In the present era, at least in the U.S., that idea of social justice would seem to be only that the big ones eat the little ones, the principal justification being that the wealthiest people became rich because they are “the most enterprising, deserving, and useful.” In fact, as Piketty demonstrates, there’s more to inequality than the mere “size of the income gap.” Contrary to hypercapitalist ideology and its defenders, the playing field is not level, the market is not self-regulating, and access is not evenly distributed. Against this, Piketty arrives at a proposed system that, among other things, would redistribute wealth across societies by heavy taxation, especially of inheritances, to create a “participatory socialism” in which power is widely shared and trade across nations is truly free. The word “socialism,” he allows, is a kind of Pandora’s box that can scare people off—and, he further acknowledges, “the Russian and Czech oligarchs who buy athletic teams and newspapers may not be the most savory characters, but the Soviet system was a nightmare and had to go.” Yet so, too, writes the author, is a capitalism that rewards so few at the expense of so many.

A deftly argued case for a new kind of socialism that, while sure to inspire controversy, bears widespread discussion.

Pub Date: March 10, 2020

ISBN: 978-0-674-98082-2

Page Count: 976

Publisher: Belknap/Harvard Univ.

Review Posted Online: Dec. 22, 2019

Kirkus Reviews Issue: Jan. 15, 2020

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